Almaden Valley Variety Store uses the conventional retail inventory (average, LCM) method to estimate ending inventory and cost of goods sold. Data for the year are as follows: Cost Retail Beginning inventory $ 12,000 $20,000 Net purchases 102,080 158,000 Net markups 6,000 Net markdowns 7,200 Sales 162,000 Sales returns and allowances 10,000 _______________ What is the selling price (retail value) of the goods in ending inventory? _______________ How much is the cost to retail ratio? _______________ What is the cost of Almadens year-end inventory? _______________ What amount should be reported as cost of goods sold for the year