The Following Data Concerning the Retail Inventory Method Are Taken

The following data concerning the retail inventory method are taken from the financial records of a small company. $\begin{array}{|l|l|l|}\hline & \text { Cost } & \text { Retail } \\\hline \text { Beginning inventory } & \$ 37,200 & \$ 60,000 \\\hline \text { Purchases } & 182,000 & 308,000 \\\hline \text { Freight-in } & 2,800 & -\cdots \\\hline \text { Net mark-ups } & -\cdots & 2,000 \\\hline \text { Net markdowns } & -\cdots & 3,480 \\\hline \text { Sales } & -\cdots & 313,520 \\\hline\end{array}$
(a) The ending inventory at retail should be: $_______________.
(b) If the ending inventory is to be valued at approximately the lower-of-cost-or-market, FIFO basis, the calculation of the cost to retail ratio should be based on goods available for sale at (1) cost and (2) retail, respectively, of: $________________ and $_________________.