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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: Cost Retail Beginning inventory $480, 600 $ 610,000 Net purchases 950, 000 1, 390, 000 Freight - in 11, 300 Net markups 66, 090 Net markdowns 36,000 Net sales 1, 290, 000 Estimate ending inventory and cost of goods sold (LIFO). (Round ratio calculation to 2 decimal places (i.e., 0.1234 should be entered as 12.34%.))Cost-to- Cost Retail Retail Ratio Beginning inventory S 480,000 $ 610,000 V Plus: Net purchases 950,000 1,390,000 V Freight-in 11,300 0 V Net markups 66,000 V Less: Net markdowns 36,000 V Goods available for sale (excluding beg. Inventory) 961,300 1,420,000 Goods available for sale (including beg. Inventory) 1.441,300 2,030,000 Cost-to-retail percentage 67.70% Less: Net sales 1,290,000 V Estimated ending inventory at retail S 740,000 Estimated ending inventory at cost 568,006 X Estimated cost of goods sold S 873,294