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5 Crosby Company owns a chain of hardware stores throughout the state. The company uses a periodic inventory system and the retan 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 $200,000 712,000 Beginning inventory Net purchases Net Markups Net markdowns Net sales Retail $350,00 879,000 16,eee 5,000 849,00 ebook 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 fie.. 0.1234 should be entered as 12.34%.). Enter amounts to be deducted with a minus sign.) Mint Cost S ferences Beginning inventory Net purchases Net markups Net markdowns Goods available for sale (excluding beginventory) Goods available for sale (indluding beginventory) 200,000 712 000 0 or 712 000 912000 Retail Cost to Retail Ratio 350.000 879,000 18.000 5.000 80 000 1240,000 Cost-to-retail percentage (beginning) Cost-to-retail percentage (current) 57 1496 80.00 94 849,000 191.000 s Net sales Estimated ending inventory at retail Estimated ending inventory at cost Estimated cost of goods sold 167 1901 992.000 $

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