Presented below is information related to Pronghorn Company Cost $ 53,760 119.400 Beginning inventory Purchases (net) Net markups Net markdowns Sales revenue Retail $107.700 204 800 9.605 26.513 175.600 Compute the ending inventory at retail Ending inventory $ eTextbook and Media Compute a cost-to-retail percentage under the following conditions. (Round ratios to 2 decimal places, s. 78.74%) Cost-to-retail percentage Excluding both markups and markdowns. % (2) Excluding markups but including markdowns. % (3) Excluding markdowns but including markups. % (4) Including both markdowns and markups. 36 Which of the methods in (b) above does the following? (1) (2) Provides the most conservative estimate of ending inventory. Provides an approximation of lower-of-cost-or-market. Is used in the conventional retail method. (3) e Textbook and Media Compute ending inventory at lower-of-cost-or-market. (Round ratio to 2 decimal places, eg.78.74% and final answer to decimal places, eg. 6,225) Ending inventory $