7 Presented below is information related to Muharraq Company. Cost Retail Beginning inventory Purchases $484,000 $500,000 1,750,000 3,450,000 Markups 160,000 Markup cancellations 65,000 Markdowns 49,000 Markdown cancellations Sales Sales discount 10,000 3.320,000 140,000 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/Mar