Presented below is information related to Manama Company. Cost Retail Beginning inventory Purchases $670,000 $600,000 1,550,000 2,960,000 Markups 135,000 Markup cancellations 60,000 Markdowns 42,000 8,000 Required: Markdown cancellations Sales Sales return 3,110,000 130,000 ompute the ending inventory at retail and at cost by the conventional retail inventory method (Show your calculations). r the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIUS Paragraph Arial 10pt A V ID