Question 26 Clarabell Inc. uses the conventional retail method to estimate ending inventory. Cost data for the most recent quarter is shown below: Beginning inventory 112 Retail 191, 000 000 Net purchases 402 703 000 Net markups 000 43.0 00 Net markdowns 21.0 00 Net sales 685, 000 To the nearest thousand estimated ending inventory using the conventional retail method is: $124,000 5136.000 $163.000 $127.000