Question: Please help 6 6 Required Information Problem 9-6 (Algo) Retail inventory method; average cost and conventional [L09-3, 9-4) [The following information applies to the questions

6 6 Required Information Problem 9-6 (Algo) Retail inventory method; average cost and conventional [L09-3, 9-4) [The following information applies to the questions displayed below. Sparrow Company uses the retail inventory method to estimate ending inventory and cost of goods sold. Data for 2021 +2012 are as follows: its 20142:34 Beginning inventory Purchase Treight-in Purchase return Net markupe Not markdown Norma spollage Abnormal apollage Bales Sales returne Coat Rota $ 87,000 $177,000 359.000 577,000 8,700 6.700 10,700 15,706 11,700 2.700 4,240 7,700 337.000 9.700 References The company records sales net of employee discounts. Employee discounts for 2021 totaled $3,700. Problem 9-6 (Algo) Part 2 Required: 2. Estimate Sparrow's ending inventory and cost of goods sold for the year using the retail inventory method and the conventional application (Round Cost-to-retail percentage to 2 decimal places and final answers to the nearest whole dollar amount.) wn gEnabled: Chapter 09 GRADED Problems, 18. Sived Help WV 577.000 359,000 8.700 6.700 Parchases Freight-in Purchase returns Set markups Net markdowns Normal spoilage Abnormal spoilage Sales sales returns 10,700 15,700 11,700 2,700 7.700 537,000 9,700 4.240 2 The company records sales net of employee discounts. Employee discounts for 2021 totaled $3,700. Problem 9.6 (Algo) Part 2 Required: 2. Estimate Sparrow's ending inventory and cost of goods sold for the year using the retail inventory method and the conventional application (Round Cost-to-retail percentage to 2 decimal places and final answers to the nearest whole dollar amount.) Conventional application Estimated ending inventory at retail Estimated ending inventory at cost Estimated cost of goods sold
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