Sparrow Company uses the retail Evan Tori method to estimate ending inventory and cost of goods sold. Data for 2018 are as follows:

Find;

Estimated ending inventory retail, estimated ending inventory at cost, estimated cost of good sold for both average and conventional.

Cost Retail Beginning inventory Purchases Freight-in Purchase returns Net markups Net markdowns Normal spoilage Abnormal spoilage Sales Sales returns $ 83,680 $173,800 368,000 573,0e 8,300 6,30010,300 15,300 11,300 2,300 4,4057,300 533,000 9,300 The company records sales net of employee discounts. Discounts for 2018 ptaled $3,30o