Sparrow Company uses the retail inventory method to estimate ending inventory and cost of goods sold. Data for 2021 are as follows:

	Cost			Retail
Beginning inventory	$	97,000		$	187,000
Purchases		363,000			587,000
Freight-in		9,700
Purchase returns		7,700			11,700
Net markups					16,700
Net markdowns					12,700
Normal spoilage					3,700
Abnormal spoilage		5,546			8,700
Sales					547,000
Sales returns					10,700

The company records sales net of employee discounts. Employee discounts for 2021 totaled $4,700.

Required:

Estimate Sparrows ending inventory and cost of goods sold for the year using the retail inventory method and the average cost application. (Round Cost-to-retail percentage to 2 decimal places and final answers to the nearest whole dollar amount.)

Average cost application Estimated ending inventory at retail Estimated ending inventory at cost Estimated cost of goods sold Conventional application Estimated ending inventory at retail Estimated ending inventory at cost Estimated cost of goods sold