Presented below is information related to Blossom Company. Cost Retail Beginning inventory $ 56,640 $99.900 Purchases (net) 111,250 216,800 Net markups 10,119 Net markdowns 24,768 Sales revenue 173,490 Your answer is correct. Compute the ending inventory at retail. Ending inventory $ 128561 - Your answer is partially correct. Compute a cost-to-retail percentage under the following conditions. (Round ratios to 2 decimal places, e.g. 78.74%) Cost-to-retail percentag 53.01 (1) Excluding both markups and markdowns. (2) Excluding markups but including markdowns. 49.17 (3) Excluding markdowns but including markups. 54.76 (4) Including both markdowns and markups. 50.67 Which of the methods in (b) above does the following? (1) Provides the most conservative estimate of ending inventory. Exclu (2) Provides an approximation of lower-of-cost-or-market. Inclur (3) Is used in the conventional retail method. Exclu * Your answer is incorrect. Compute ending inventory at lower-of-cost-or-market. (Round ratio to 2 decimal places, e.g. 78.74% and final answer to 0 decimal places, e.g. 6,225.) Ending inventory s 68150 * Your answer is incorrect. Compute cost of goods sold based on (d). (Round answer to 0 decimal places, e.g. 6,225.) Cost of goods sold s 99740 x Your answer is incorrect. Compute gross margin based on (d). (Round answer to 0 decimal places, e.g. 6,225.) Gross margins 57