Sparrow Company uses the retail inventory method to estimate ending inventory and cost of goods sold. Data for 2018 are as follows: Cost Retail s 82,000 $172,000 373, 000 572, 000 Beginning inventory Purchases Freight-in Purchase returns Net markups Net markdowns Normal spoilage Abnormal spoilage Sales Sales returns 8, 200 6, 200 10,200 15, 200 11, 200 2,200 4,028 7,200 532, 000 9,200 The company records sales net of employee discounts. Discounts for 2018 totaled $3,200 Required 1. Estimate Sparrow's ending inventory and cost of goods sold for the year using the retail inventory method and the average cost application. 2. Estimate Sparrow's ending inventory and cost of goods sold for the year using the retail inventory method and the conventional application. (For all requirements, round Cost-to-retail pefcentage to two decimal places and final answers to whole dollars.) Estimated ending inventory at retail Estimated ending inventory at cost Estimated cost of goods sold