(c) Which of the methods in (b) above does the following? (1) Provides the most conservative estimate of ending inventory (2) Provides an approximation of lower-of-cost-or-market. (3) Is used in the conventional retail method. e Textbook and Media Attempts: 0 of 3 used Submit Answer Save for Later (c) Which of the methods in (b) above does the following? (1) Provides the most conservative estimate of ending inventory (2) Provides an approximation of lower-of-cost-or-market. (3) Is used in the conventional retail method. e Textbook and Media Attempts: 0 of 3 used Submit Answer Save for Later