I need help.I included the templates.thanks.

good form. Retail Inventory Method Turner Corporation uses the retail inventory method. The following information relates to 2016: Cost Retail Cost Retail $50,000 10,000 15,000 3,000 190,000 $29,000 45,000 Additional markups Inventory, January Purchases (gross price) Purchases discounts taken Purchases returns Freight-in Employee discounts 140,000 190,000 Markup cancellations Markdowns 3,000 5,000 20,000 8,000 Markdown cancellations Net Sales 3,000 Required: Compute the cost of the ending inventory under each of the following cost flow assumptions (round the cost-to- retail ratio to 3 decimal places): 1. FIFO 2. average cost LIFO lower of cost or market (based on average cost) 4. good form. Retail Inventory Method Turner Corporation uses the retail inventory method. The following information relates to 2016: Cost Retail Cost Retail $50,000 10,000 15,000 3,000 190,000 $29,000 45,000 Additional markups Inventory, January Purchases (gross price) Purchases discounts taken Purchases returns Freight-in Employee discounts 140,000 190,000 Markup cancellations Markdowns 3,000 5,000 20,000 8,000 Markdown cancellations Net Sales 3,000 Required: Compute the cost of the ending inventory under each of the following cost flow assumptions (round the cost-to- retail ratio to 3 decimal places): 1. FIFO 2. average cost LIFO lower of cost or market (based on average cost) 4