Kiddie World uses a periodic inventory system and the retail inventory method to estimate ending inventory and cost of goods sold. The following data are available for the quarter ending September 30, 2021: 

Estimate ending inventory and cost of goods sold (average cost) using the information provided.

Cost Retail $300,000 $ 450,000 Beginning inventory Net purchases Freight-in Net markups 861,000 1,210,000 22,000 48,000 Net markdowns 18,000 1,200,000 Net sales