Colonial corporation uses the retail method to value its inventory. The following information is available for the year:

210,000 282, 650,000 856,000 10,000 22,000 820,000 d S Beginning inventory Purchases Freightin Net markups Net markdowns Net sales Required: 4, 200 Determine ending inventory and cost of goods sold by applying the conventional retail method using the information provided. Note: Round ratio calculation to 2 decimal places (i.e., 0.1234 should be entered as 12.34%.). Enter amounts to be deducted with a minus sign. Beginning inventory Purchases Freight-in Net markups Net markdowns Goods available for sale Cost-to-retail percentage Net sales Estimated ending inventory at retail Estimated ending inventory at cost Estimated cost of goods sold Cost 210,000 210,000 Cost-to-Retail Retail Ratio 282,000 282,000 282,000 282,000