Sparrow Company uses the retail inventory method to estimate ending inventory and cost of goods sold. Data for 2021 are as follows: Beginning inventory Purchases Freight-in Cost Retail $ 96,000 $186,000 361,000 586,000 9,600 Purchase returns 7,600 11,600 Net markups 16,600 Net markdowns 12,600 Normal spoilage 3,600 Abnormal spoilage 5,520 8,600 Sales Sales returns 546,000 10,600 The company records sales net of employee discounts. Employee discounts for 2021 totaled $4,600. 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. (Round Cost-to-retail percentage to 2 decimal places and final answers to the nearest whole dollar amount.) Answer is complete but not entirely correct. Average cost application Estimated ending inventory at retail 210,100 Estimated ending inventory at cost Estimated cost of goods sold S 124,547X $ 327,569x