Brief Exercise $9-8($Algo$)$ Retail inventory method; LIFO $[$LO$9-3]$

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 $30,2021$:

$\backslash$table$[[,$Cost,Retail$],[$Beginning inventory,$$440,000,$$$575,000$