Presented below is information related to Marigold Company.

Presented below is information related to Marigold Company. 181,500 192,550 Beginning inventory Purchases (net Net markups Net markdowns Sales revenue S 63,170 124,370 $102,900 10,524 27,048 Compute the ending inventory at retail. Ending inventory Compute a cost to-retail percentage under the following conditions. (Round ratios to 2 decima/ places, e.g. 78.74%) (1) (2) (3) (4) Cost-to-retail percentage 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? (I) Provides the most conservative estimate of ending inventory. (2) Provides an approximation of lower-of-cost-or-market. (3) Is used in the conventional retall method. Compute ending inventory at lower-of-cost-or-market. (Round ratio to 2 decimal places, e.g. 78.74% and final answer to O decimal places, e.g. 6,225.) Ending inventor/ Compute cost of goods sold based on (d). (Round answer to O decimal places, e.g. 6,225.) Cost of goods sold Compute gross margin based on (d). (Round answer to O decimal places, e.g. 6,225.) Gross margin