Question 1 Presented below is information related to Muharraq Company. Retail Cost $484,000 Beginning inventory $500,000 Purchases 1,750,000 3,450,000 Markups 160,000 Markup cancellations 65,000 Markdowns 49,000 Markdown 10,000 cancellations Sales 3,320,000 140,000 Sales discount Required: Compute the ending inventory at retail and at cost by the conventional retail inventory method (Show your calculations) For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIVS Paragraph Arial 10pt AVAV I 19 S FXX >