Question 2 Presented below is information related to Manama Company Beginning inventory Purchases Markups Markup cancellations Markdowns Markdown cancellations Sales Sales returns Cost $550,000 $600,000 Retail 2,100,000 3,700,000 170,000 60,000 52,000 15,000 4,500,000 550,000 Required: Compute the ending inventory at retail and at cost by the conventional retail inventory method (Show your calculations).