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Presented below is information related to Bobby Engram Company. Compute the ending inventory at retail. Compute a cost-to-retail percentage under the following conditions. (Round ratios

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Presented below is information related to Bobby Engram Company. Compute the ending inventory at retail. Compute a cost-to-retail percentage under the following conditions. (Round ratios to 2 decimal places, e.g. 78.74%) Excluding both markups and markdowns. Excluding markups but including markdowns. Excluding markdowns but including markups. Including both markdowns and markups. Which of the methods in (b) above does the following? Provides the most conservative estimate of ending inventory Provides an approximation of lower-of-cost-or-market. Is used in the conventional retail method. 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.) Compute cost of goods sold based on (d). (Round answer to 0 decimal places, e.g. 6,225.) Compute gross margin based on (d). (Round answer to 0 decimal places, e.g. 6,225.)

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