2 pts Question 47 A department stores records reflected the following listed alphabetically) for the quarter ended March 31, 2020: Freight on purchases Inventory, January 1, 2019, at cost Inventory, January 1, 2019, at retail Net markdowns Net markups Normal shortage Purchase discounts Purchase returns, at cost Purchase returns, at retail Purchases, at cost Purchases, at retail Sales returns Sales revehue (gross) 45,000 250,000 405,000 80,000 24,000 16,000 19,000 65,000 92,000 855,000 1,420,000 104,000 1,560,000 Assume the department store calculates its ending inventory using the conventional retail method. Calculate the store's estimated ending inventory at retail at March 31, 2020. No new data to save. Last checked at 1:01pm Submit Question 46 2 pts A department store's records reflected the following for the year ended December 31, 2019. Inventory, January 1, 2019, at cost Inventory, January 1, 2019, at retail Freight-in Net markdowns Net markups Purchases, at cost Purchases, at retail Sales revenue $ 55,000 83,000 4,000 12,000 3,000 468,000 721,000 936,000 Assume the comp uses the conventional retail inventory method to determine its inventory value on its balance sheet. What would be the cost-to-retail ratio used in valuing the inventory at cost on its December 31, 2019 balance sheet? Round your cost to retail percentage to the nearest tenth of a percent, e.g. 12.3%. 64.5% 65.6% 64.9% 65.3% Question 47 . 2pts A m este cadacinated the following listed babetical for the contecended Masch12029