Cost Retail 63, 190 103,900 117,310 182,500 11,288 26,066 170,960 inventory (net) Net markups Net markdowns Sales revenue Your answer is correct Compute the ending inventory at retail. Ending inventory100 SHOW SOLUTION LINK TO TEXT Your answer is incorrect. Try again. Compute a cost-to-retail percentage under the following conditions. (Round ratios to 2 decimal places, e.g. 78.74%) Cost-to-retail percentage (1) Excluding both markups and markdowns. (2) Excluding markups but including markdowns. (3) Excluding markdowns but including markups. (4) Including both markdowns and markups. Your answer is correct. Which of the methods in (b) above does the following? (1) Provides the most conservative estimate of ending inventory, Excluding Markdowns but Including Markups (2) Provides an approximation of lower-of-cost-or-market. (3) Is used in the conventional retail method Excluding Markdowns but Including Markups Excluding Markdowns but Including Markups LINK TO TEXT Your answer is incorrect. Try again. Compute ending inventory at lower-of-cost-or-market. (Round ratio to 2 decimal places, eg. 78.74% and final answer to 0 decimal places, eg. 6,22 Ending inventory 61404 Your answer is incorrect. Try again. Compute cost of goods sold based on (d). (Round answer to O decimal places, e.g. 6,225.)