Sparrow Company uses the retail inventory method to estimate ending inventory and cost of goods sold. Data for 2021 are as follows: Cost Retail Beginning inventory $ 80,000 $ 170,000 Purchases 347,000 570,000 Freight-in 8,000 Purchase returns 6,000 10,000 Net markups 15,000 Net markdowns 11,000 Normal spoilage 2,000 Abnormal spoilage 3,705 7,000 Sales 530,000 Sales returns 9,000 The company records sales net of employee discounts. Employee discounts for 2021 totaled $3,000. Required: 1. Estimate Sparrows 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.) find ending inventory at cost and estimated cost of goods sold pls