Blossom Co. uses the retail inventory method. The following information is available for the current year. Cost Retail $ 322000 $498000 Beginning inventory Purchases Freight-in Employee discounts Net markups Net markdowns Sales revenue 1280000 1760000 25000 8900 70000 90000 1660000 If the ending inventory is to be valued at approximately lower of average cost or market, the calculation of the cost ratio should be based on cost and retail of $1305000 and $1830000. $1602000 and $2319100. $1305000 and $1821100. $1627000 and $2328000. 0000