Need help solving "Estimated ending inventory at cost" and "estimated cost of goods sold". 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: \table[[,Cost,Retail],[Beginning inventory,
$340,000
,
$384,000

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Need help solving &#34;Estimated ending inventory at cost&#34; and &#34;estimated cost of goods sold&#34;. 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:  table[[,Cost,Retail],[Beginning inventory,$340,000,$384,000

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