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Question 4 Presented below is information related to Manama Company Beginning inventory Purchases Markups Markup cancellations Markdowns Markdown cancellations Sales Sales returns Cost Retail

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Question 4 Presented below is information related to Manama Company Beginning inventory Purchases Markups Markup cancellations Markdowns Markdown cancellations Sales Sales returns Cost Retail $550,000 $600,000 2,100,000 3,700,000 170,000 60,000 $2,000 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). For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIUS Paragraph Arial XX !!! v 10pt - T r 99 I. L 13 O EP 28

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