The following data concerning the retail inventory method are taken from the financial records of Crane Company.

		Cost		Retail
Beginning inventory		$ 184000		$ 268000
Purchases		884000		1160000
Freight-in		22800
Net markups				78800
Net markdowns				54800
Sales				1224000

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

$1090800 and $1506800.

$1090800 and $1428000.

$1068000 and $1428000.

$1090800 and $1452000.