Sparrow Company uses the retail inventory method to estimate ending inventory and cost of goods sold. Data for 2021 are as follows: Retail Cost $ 86,000 $176,000 363,000 Beginning inventory Purchases 576,000 Freight-in Purchase returns 8,600 6,600 10,600 15,600 11,600 Net markups Net markdowns Normal spoilage Abnormal spoilage Sales 2,600 7,600 536,000 9,600 4,631 Sales returns The company records sales net of employee discounts. Employee discounts for 2021 totaled $3,600. Required: 2. Estimate Sparrow's ending inventory and cost of goods sold for the year using the retail inventory method and the conventional application. (Round Cost-to-retail percentage to 2 decimal places and final answers to the nearest whole dollar amount.) Conventional application Estimated ending inventory at retail Estimated ending inventory at cost Estimated cost of goods sold