Roberson Corporation uses a periodic inventory system and the retail inventory method. Accounting records provided the following information for the 2021 fiscal year: Beginning inventory Net purchases Freight-in Net markups Net markdowns Normal spoilage Sales Cost Retail $225,000 $ 410,000 645,000 1,185,000 16,600 17,000 5,000 2,000 1,310,000 The company records sales to employees net of discounts. These discounts totaled $16,000 for the year. Estimate ending inventory and cost of goods sold using the conventional method. (Round ratio calculation to 2 decimal places (i.e., 0.1234 should be entered as 12.34%.)) Cost Retail Cost-to-Retail Ratio $ $ 225.000 645,000 16,600 410,000 1,185,000 Beginning inventory Plus: Purchases Freight-in Net markups Goods available for sale Less: Net markdowns Goods available for sale 17,000 1,612,000 (5,000) 1,607,000 886,600 Cost-to-retail percentage 55.17% (2,000) Less: Normal spoilage Less: Net sales Sales Employee discounts Estimated ending inventory at retail Estimated ending inventory at cost Estimated cost of goods sold (1,310,000) (16,000) 279,000 $ 153,924 732,676 $