The following data concerning the retail inventory method are taken from the financial records of Carla Vista Company Cost Retail Beginning inventory $ 191000 $275000 Purchases 891000 1230000 Freight-in 23500 Net markups 79500 Net markdowns 55500 Sales 1294000 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 O S1105500 and $1505000 $1405500 and $1584500 $ 1082000 and $1505000 0 S1105500 and $1529000