1. The Gilbert Department Store uses the conventional retail inventory method. The following information month of August 2021: Cost 30,000 $150,000 25 Beginning Inventory Cost of Goods Available for Sale Net Markups Net Markdowns Sales Retail 45,000 $180,000 25,000 10,000 170,000 What was the inventory using the conventional method as of August 31, 2021? Multiple Choice O $50,400 $52,500