Exercise $9-15($Algo$)$ Retail inventory method; LIFO $[$LO$9-3]$

Crosby Company owns a chain of hardware stores throughout the state. The company uses a periodic inventory system and the retail inventory method to estimate ending inventory and cost of goods sold. The following data are available:

$\backslash$table$[[$Beginning inventory,Cost,Retail$],[$Net purchases,$$240,000,$$$363,000$