Sparrow Company uses the retail inventory method to estimate ending inventory and cost of goods sold. Data for 2024 are as follows:

	Cost	Retail
Beginning inventory	$ 86,000	$ 176,000
Purchases	363,000	576,000
Freight-in	8,600
Purchase returns	6,600	10,600
Net markups		15,600
Net markdowns		11,600
Normal spoilage		2,600
Abnormal spoilage	4,631	7,600
Sales		536,000
Sales returns		9,600

The company records sales net of employee discounts. Employee discounts for 2024 totaled $3,600.

Required:

1. Estimate Sparrows ending inventory and cost of goods sold for the year using the retail inventory method and the average cost application.

Note: Round Cost-to-retail percentage to 2 decimal places and final answers to the nearest whole dollar amount.