Please explain how you get the correct answer.

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:

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: Beginning inventory Net purchases Freight-in Net markups Net markdowns Net sales Cost Retail $430,000 $ 565,000 920,000 1,340,000 62,550 61,000 31,000 1,265,000 Estimate ending inventory and cost of goods sold using the conventional method. (Round ratio calculation to 2 decimal places (i.e., 0.1234 should be entered as 12.34%.)) Answer is complete but not entirely correct. Cost Retail Cost-to- Retail Ratio $ 430,000 $ 565,000 Beginning inventory Plus: Net purchases 920.000 1,340,000 Freight-in 62,550 61,000 1,966,000 Net markups Goods available for sale Less: Net markdowns Goods available for sale (31,000) 1,412,550 1,935,000 Cost-to-retail percentage 73.00% X (1,265,000) $ 670,000 Less: Net sales Estimated ending inventory at retail Estimated ending inventory at cost Estimated cost of goods sold 489,100 X 923,450 X