Sparrow Company uses the retail inventory method to estimate ending inventory and cost of goods sold. Data for 2024 are as follows: Beginning inventory Purchases Freight-in Purchase returns Net markups Net markdowns Normal spoilage Abnormal spoilage Sales Sales returns Estimated ending inventory at retail Estimated ending inventory at cost Estimated cost of goods sold Cost $ 91,000 +356,000 $ 9,100 7,100 LEA 4,654 The company records sales net of employee discounts. Employee discounts for 2024 totaled $4,100. $ $ 2. Estimate Sparrow's ending inventory and cost of goods sold for the year using the retail inventory method and the conventional application. Note: Round Cost-to-retail percentage to 2 decimal places and final answers to the nearest whole dollar amount. Retail $ 181,000 581,000 Answer is complete but not entirely correct. Conventional application 11,100 16,100 12,100 3,100 8,100 541,000 10,100 208,700 124.177 x 320,170 x