[The following information applies to the questions displayed below.] 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	$	81,000		$	171,000
Purchases		375,000			571,000
Freight-in		8,100
Purchase returns		6,100			10,100
Net markups					15,100
Net markdowns					11,100
Normal spoilage					2,100
Abnormal spoilage		4,322			7,100
Sales					531,000
Sales returns					9,100

The company records sales net of employee discounts. Employee discounts for 2021 totaled $3,100.

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.)