7 Presented below is information related to Muharraq Company Required: Cost Retail Beginning inventory Purchases $484,000 $500,000 1,750,000 3,450,000 Markups 160,000 Markup cancellations 65,000 Markdowns Markdown 49,000 10,000 3,320,000 140,000 cancellations Sales Sales discount Compute the ending inventory at retail and at cost by the conventional retail inventory method (Shew.voar calculations), For the toolbar, press ALT+F10(PC)or ALT+FN+F10 (Mac) B IUS 10pt v Paragraph Arial v xx - A r IT Question? points