Based on the following information (in scrambled order),compute the ending inventory at cost using: (1) the conventional retail method and (2) the cost retail method. You should round the cost-to-retail ratios to four decimal places, e.g. 0.345678-0.3457 or 34.57%. In your final answer, separately indicate (a) ending inventory at retail, (b) cost-to-retail ratio, and (c) ending inventory at cost. Summarize your answers on the bottom of page. Inventory, Beginning At cost $21,400 At retail $56,000 Markups 6,100 Freight-in 2,300 Markdowns 7,500 Markdowns cancellations 1200 Sales 53,400 Purchases 37,520 82,350 Normal damage 2,500 Markups cancellations 800 Answer: (You should also provide your work to support your answers) Method (1) Conventional retail (2) Cost retail (a) Ending inventory at retail (b) Cost-to-retail ratio (c) Ending inventory at cost