The records of Diskount Department Stores Inc. provided the following data for 20X5:

Sales (gross)		$	780,000
Sales returns			1,950
Additional markups			8,800
Additional markup cancellations			4,900
Markdowns			6,800
Purchases:
At retail			830,000
At cost			462,500
Purchase returns:
At retail			3,900
At cost			1,650
Freight on purchases			3,650
Beginning inventory:
At retail			78,000
At cost			44,000
Markdown cancellations			2,150

Required: 1. Estimate the valuation of the ending inventory and cost of goods sold using the gross margin method. Last years gross margin percentage was 52%.

Estimated cost of ending inventory =

Estimated cost of goods sold =

2. Estimate the valuation of the ending inventory and cost of goods sold using the retail sales method, which approximates lower-of-cost-or-NRV valuation. (Round "Cost ratio" to the nearest whole percentage.)

Estimated cost of ending inventory =

Estimated cost of goods sold =