Sparrow Company uses the retail inventory method to estimate ending inventory and cost of goods sold. Data for 2024 are as follows: Beginning inventory Cost $ 82,000 Retail $ 172,000 Purchases Freight-in Purchase returns Net markups Net markdowns Normal spoilage Abnormal spoilage Sales Sales returns 373,000 572,000 8,200 6,200 10,200 15,200 11,200 2,200 4,028 7,200 532,000 9,200 The company records sales net of employee discounts. Employee discounts for 2024 totaled $3,200. 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. Note: Round Cost-to-retail percentage to 2 decimal places and final answers to the nearest whole dollar amount. Average cost application Estimated ending inventory at retail Estimated ending inventory at cost Estimated cost of goods sold $ 202,400