Fill-in-the-blanks sample question A company uses cost retail inventory method to estimate its ending inventory. A schedule is prepared as followed (only partial schedule is provided in this example). Cost Retail Beginning inventory $ 300 $ 500 Purchases 1,000 2,000 (1) ? (2) ? Complete the schedule by calculating the two missing amounts (subtotals). (Note: Enter your answer only; work is not required) Answer (1): (2)