SHORT ANSWER Estimating Ending Inventory - Retail Method The following information regarding the Greco Traders was obtained for the accounting year ended December 31, 2019. At Cost Prices At Retail prices Beginning Inventory $ 320,000 $ 560,000 Purchases during the year $ 1,040,000 $ 1,840,000 Freight paid on purchases $ 80,000 Greco Traders reported net sales during the accounting year amounting to $ 1,000,000. Required: Show your working for each of the following: a. Determine the company's ending inventory at cost using the retail inventory method. (5 points) Enter Answer Here