Question 4: Presented below is information related to ABC company as at 31/12/208. Cost 200,000 1,425,000 Beginning inventory Purchases Markups Markup cancellations Markdowns Markdown cancellations Sales Retail 280,000 2,140,000 95,000 15,000 35,000 5,000 2,250,000 Required: Compute the ending inventory at cost as of 31/12/2018 using: a) Conventional retail method b) Cost method