Presented below is information related to Kuchinsky Company. Beginning Inventory, Cost 280,000 Retail 390,000.Purchases ,Cost 1,820,000, Retail, 3,000,000.Markups, Retail130,000Markup Cancellations ,Retail 20,000.Markdowns, Retail 47,000. Markdown Cancellation , 7,000.Sales 3,150,000. Compute the ending inventory using the conventional retail inventory method. Answer: Beginning Inventor, 280,000 (Cost), 390,000(retail). Purchases 1,820,000 (Cost) 3,000,000(retail). Totals_____(cost),_____(retail). Markups 130,000(retail),markups cancellation 20,000(retail), Add_______(retail).Add:______,_____(retail). Less: 3,150,000(retail)______,Ending Inventory at retail ______.Cost-to-retail ratio____,_____,_(retail).Ending Inventory at Cost_______(Cost). The following are the choices: 64%,310,000, 61%,2,100,000, 63%,110,000, 65%, 188,150,60%,3,390,000.40%, 3,460,000, 64%