Question 1 ABC company has the following information is available for June, 2018: Inventory, 1 June Purchases Purchase returns Freight-in Net markups Net markdowns Sales Cost Retail $ 60,000 $ 100,000 270,000 350,000 2,500 1,500 5,500 9,500 16,000 400,000 3,500 Sales discount If ABC company uses the cost method to determine its ending inventory at cost. what is the amount of inventory (at OA $34,261 B. $45,500