Presented below is information related to Stellar Company.

		Cost		Retail
Beginning inventory		$ 54,510		$96,300
Purchases (net)		122,230		194,700
Net markups				9,740
Net markdowns				25,731
Sales revenue				203,890

Ending inventory = 71119

x Your answer is incorrect. Try again. 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 inventory LINK TO TEXT x Your answer is incorrect. Try again. Compute cost of goods sold based on (d). (Round answer to 0 decimal places, e.g. 6,225.) Cost of goods sold LINK TO TEXT X Your answer is incorrect. Try again. Compute gross margin based on (d). (Round answer to 0 decimal places, e.g. 6,225.) Gross margin