1 Presented below is information related to Manama Company. Cost Beginning inventory Purchases Retail $380,000 $400,000 1,850,0003,200,000 Markups 150,000 Markup cancellations Markdowns Markdown cancellations Sales Sales returns 40,000 49,000 9,000 3,300,000 150.000 Required: Compute the ending inventory at retail and at cost by the conventional retail inventory method (Show your calculations). For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BI x X US Paragraph T - Arial 10pt T * IO BEE