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