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.

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