Bridgeport Corporation began operations on January 1, 2020, with a beginning inventory of $41,152 at cost and $49,200 at retail. The following information relates to 2020. Net purchases ($107,600 at cost) Net markups Net markdowns Sales revenue Retail $147,400 10,000 4,900 127,200 Your answer is correct. Assume Bridgeport decided to adopt the conventional retail method. Compute the ending inventory to be reported in the balance sheet. (Round ratios for computational purposes to 1 decimal place, e.g. 78.7% and final answer to 0 decimal places, e.g. 28,987.) Ending inventory using the conventional retail method T 53640| SHOW SOLUTION LINK TO TEXT Your answer is correct. Assume instead that Bridgeport decides to adopt the dollar-value LIFO retail method. The appropriate price indexes are 100 at January 1 and 110 at December 31. Compute the ending inventory to be reported in the balance sheet. (Round ratios for computational purposes to 2 decimal places, e.g. 78.72% and final answer to 0 decimal places, e.g. 28,987.) Endineisvastavainatha dalle value | Ten retail matbad --- Your answer is correct. Assume instead that Bridgeport decides to adopt the dollar-value LIFO retail method. The appropriate price indexes are 100 at January 1 and 110 at December 31. Compute the ending inventory to be reported in the balance sheet. (Round ratios for computational purposes to 2 decimal places, e.g. 78.72% and final answer to o decimal places, e.g. 28,987.) Ending inventory using the dollar-value LIFO retail method 55531 $ SHOW SOLUTION LINK TO TEXT x Your answer is incorrect. Try again. On the basis of the information in part (b), compute cost of goods sold. (Round ratios for computational purposes to 2 decimal places, e.g. 78.72% and final answer to o decimal places, e.g. 28,987.) Cost of goods sold using the dollar-value LIFO retail method 74500 click if you would like to Show Work for this question: Open Show Work