The following data concerning the retail inventory method are taken from the financial records of Cullumber Company. Cost Retail Beginning inventory $ 208000 $ 292000 Purchases 908000 1400000 Freight-in 25200 Net markups 81200 Net markdowns 57200 Sales - 1464000 If the ending inventory is to be valued at approximately the lower of cost or market, the calculation of the cost-to-retail ratio should be based on goods available for sale at (1) cost and (2) retail, respectively of $1116000 and $1692000. $1141200 and $1773200. $1141200 and $1692000. $1141200 and $1716000