PLEASE NOTE THIS IS FOR THE CONVENTIONAL METHOD. 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, 2018:

	Cost	Retail
Beginning Inventory	$420,000	$555,000
Net purchases	$915,000	$1,330,000
Freight-in	$24,650
Net markups		$60,000
Net markdowns		$30,000
Net sales		$1,260,000

Required: 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%)). I have filled in what I know, I'm not sure what the answers are where there are question marks.

	Cost	Retail	Cost-to-Retail Ratio
Beginning Inventory	$420,000	$555,000
Plus: Net purchases	$915,000	$1,330,000
Freight-in	$24,650	0
Net markups	0	$60,000
Goods available for sale		$1,945,000
Less: Net markdowns	0	$30,000
Goods available for sale	$1,359,650	$1,915,000
Cost-to-retail percentage			?
Less: Net sales	0	$1,260,000
Estimated ending inventory at retail		?
Estimating ending inventory at cost	?
Estimated cost of goods sold	?