Required: Complete the table below to estimate the LIFO cost of ending inventory and cost of goods sold for the three months ending March 31, 2021, using the information provided. Assume stable retail prices during the period. (Round ratio calculation to 2 decimal places (i.e., 0.1234 should be entered as 12.34%.). Enter amounts to be deducted with a minus sign.)

Information: 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 for the three months ending March 31, 2021:

	Cost			Retail
Beginning inventory	$	230,000		$	362,000
Net purchases		629,000			830,000
Net markups					28,000
Net markdowns					8,000
Net sales					810,000

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 for the three months ending March 31, 2021: Cost $ 230,000 629,000 Beginning inventory Net purchases Net markups Net markdowns Net sales Retail $362,000 830,000 28,000 8,000 810,000 Required: Complete the table below to estimate the LIFO cost of ending inventory and cost of goods sold for the three months ending March 31, 2021, using the information provided. Assume stable retail prices during the period. (Round ratio calculation to 2 decimal places (i.e., 0.1234 should be entered as 12.34%.). Enter amounts to be deducted with a minus sign.) Cost Retail 362,000 Cost-to-Retail Ratio $ 230,000 $ Beginning inventory Net purchases Net markups Net markdowns Goods available for sale (excluding beg, inventory) Goods available for sale (including beg. inventory) Required: Complete the table below to estimate the LIFO cost of ending inventory and cost of goods sold for the three months ending March 31, 2021, using the information provided. Assume stable retail prices during the period. (Round ratio calculation to 2 decimal places (i.e., 0.1234 should be entered as 12.34%.). Enter amounts to be deducted with a minus sign.) Retail Cost-to-Retail Ratio Cost 230,000 $ $ $ 362,000 Beginning inventory Net purchases Net markups Net markdowns Goods available for sale (excluding beg. inventory) Goods available for sale (including beg. inventory) % Cost-to-retail percentage (beginning) Cost-to-retail percentage (current) % Net sales Estimated ending inventory at retail Estimated ending inventory at cost Estimated cost of goods sold