Presented below is information related to Manama Company. Beginning inventory Purchases Cost $670,000 Retail $600,000 1,550,000 2,960,000 Markups 135,000 Markup cancellations 60,000 Markdowns Markdown Required: cancellations Sales Sales return 130,000 Compute the ending inventory at retail and at cost by the conventional retail inventory method (Show your calculations), 42,000 8,000 3,110,000 6 point