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, 2011:
![2007_254-B-A-V-I (772).png](https://secure.tutorsglobe.com/CMSImages/2007_254-B-A-V-I (772).png)
Estimate ending inventory and cost of goods sold (average cost).