que report the following deca $48.000 88,000 Compute the inventory uy til um E9.22 (LO 5) (Retail Inventory Method) The records of Ellen's Boutique report for the month of April. Purchases (at cost) $99,000 Sales revenue Purchases (at sales price) 2,000 Sales returns Markups 10,000 Purchase returns (at cost) Markup cancellations 1,500 Purchase returns (at sales price) Markdowns 9,300 Beginning inventory (at cost) Markdown cancellations 2,800 Beginning inventory (at sales price) Freight on purchases 2,400 Instructions Compute the ending inventory by the conventional retail inventory method. 2,000 3,000 30,000 46,500