A Montaguestion will save the Question 17 The following data concerning the retary method art from the financial records of Welch Company Cat Retail Beginning inventory 190.000 200.000 Purchases 195.000 20,000 Frein 24.000 harus 30.000 et malowns 000 1344000 if the ending inventory is to be valued aproximately the lower cost or make the calculation of the cost torrthoud beban door de 5.116.000 and 51.000 O $110.000 and 1.564.000, $1092.000 and $1.500.000 $1,116.000 and $1.500.000 Moving to another question will save the response o i questionum 17 toggle swastepenal 22 minutes, 55 seconds. arusi 3 4 9 12 27 100 110 12 13 14 15 16 17 18 190200 21 22 230 33342 Question 17 2 points Save S The following data concerning the retail inventory method are taken from the financial records of Welch Company Cost Retail Beginning inventory 196,000 $ 280,000 Purchases 896,000 1,280,000 Freight-in 24,000 Net markups 80,000 Net markdowns 56,000 Sales 1,344,000 If the ending inventory is to be valued at approximately the lower of cost or market, the calculation of the cost-to-retail ratio should be based on goods available for sale at (1) cost and (2) retail, respectively of $1,116,000 and $1,640,000, $1,116,000 and $1,584,000. $1,092,000 and $1,560,000. $1,116,000 and $1,560,000 Question 17 of 34 4. Moving to another question will save this response