Exercise 9-20 Presented below is information related to Concord Company Cost Retail Beginning inventory Purchases (net) Net markups Net markdowns 63,170 $102,900 181,500 10,524 27,048 192,550 124,370 Sales revenue Compute the ending inventory at retail Ending inventory LINK TO TEXT Compute a cost-to-retail percentage under the following conditions. (Round ratios to 2 decimal places, eg, 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 LINK TO TEXT 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 LINK TO TEXT