The following information is taken from the books of All in the Family Center for the first quarter of its fiscal year ending on April 30, 20--: Cost Retail Inventory, start of period (January 1, 20-...

Extracted text: The following information is taken from the books of All in the Family Center for the first quarter of its fiscal year ending on April 30, 20--: Cost Retail Inventory, start of period (January 1, 20- -) $37,000 $66,000 Net purchases during the period Net sales for the period 174,000 330,000 310,500 Required: 1. Estimate the ending inventory as of April 30, 20--, using the retail inventory method. Round your intermediate calculations and final answer to the nearest whole number. Estimate the ending inventory 2. Estimate the cost of goods sold for the time period, January 1, through April 30, using the retail inventory method. Round your intermediate calculations and final answer to the nearest whole number. Estimated cost of goods sold