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5 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 markupe Not Markdown Net sales Cont Retail $370,000 5 515,000 890,000 1,280,000 54,000 55,000 25,000 1,235,000 01:05:56 ferences Estimate ending inventory and cost of goods sold (LIFO). (Round ratio calculation to 2 decimal places (i.e., 0.1234 should be entered as 12.34%.)) Cost Retail Cost to Retail Ratio Beginning inventory Plus: Not purchases Freight in Nel markups Less Netmarkdowis Goods available for sale (excluding bog Inventory Goods available for sale including bog. Inventory) 0 0 0 0 Cost-to-retail porcentage Less Net sales Estimated ending inventory at retail Estimate ending inventory and cost of goods sold (LIFO). (Round ratio calculation to 2 decimal places (i.e., 0.1234 should be entered as 12.34%.)) Cost Retail Cost-to-Retall Ratio 25 Beginning inventory Plus: Net purchases Freight-in Not markups Losa: Net markdowns Goods available for sale (excluding beg. Inventory) Goods available for sale (including beg Inventory) 0 0 0 0 Cost-to-retail percentage $ 0 Less: Not salos Estimated ending inventory at retail Estimated onding inventory of cont Estimated cost of goods sold $

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