Robotics Corporation uses a periodic inventory system and the retail inventory method. Accounting records provided the following information for the 2024 fiscal year: Cost Retail Beginning inventory $ 285,000 $ 530,000 Net purchases 686,000 1,245,000 Freight-in 21,200 Net markups 29,000 Net markdowns 10,000 Normal spoilage 7,000 Sales 1,430,000 The company records sales to employees net of discounts. These discounts totaled $28,000 for the year. Estimate ending inventory and cost of goods sold using the conventional method. Note: Round ratio calculation to 2 decimal places (i.e., 0.1234 should be entered as 12.34%.)