The following data is available for Kroos Company. Kroos uses retai inventory method to determine ending inventory Sales revenue is recorded net of employee discounts, which totaled $2,000 in the year. Cost Retail Beginning Inventory 77 000 103,000 Purchases 193,000 289.000 Purchase Returns 5 000 8000 Abnormal Spoiage 2.700 4300 Amount (5) Amount (5) Freight-in 7000 Markdowns 18000 Normal Spoilage 7,800 Markdown Cancellations 6.000 Sales Returns 6,000 Markups 19.000 Sales Revenue 218,000 Markup Cancellations 9.500 If Kroos uses conventional retai inventory method, ending inventory is approximately $103.962 $105,882 $107,110 5109.221 QUESTION 30 It Kroos uses average cost retail inventory method, ending inventory is approximately $110.526 $112.218 $115.181 $116,745 QUESTION 31 If Kroos uses LIFO retail inventory method, ending inventory (assuming all markups, markdowns and abnormal spoilage are associated with purchases) is approximately $109,312 5110,572 $111.089 $113,179 The following data is available for Kroos Company. Kroos uses retai inventory method to determine ending inventory Sales revenue is recorded net of employee discounts, which totaled $2,000 in the year. Cost Retail Beginning Inventory 77 000 103,000 Purchases 193,000 289.000 Purchase Returns 5 000 8000 Abnormal Spoiage 2.700 4300 Amount (5) Amount (5) Freight-in 7000 Markdowns 18000 Normal Spoilage 7,800 Markdown Cancellations 6.000 Sales Returns 6,000 Markups 19.000 Sales Revenue 218,000 Markup Cancellations 9.500 If Kroos uses conventional retai inventory method, ending inventory is approximately $103.962 $105,882 $107,110 5109.221 QUESTION 30 It Kroos uses average cost retail inventory method, ending inventory is approximately $110.526 $112.218 $115.181 $116,745 QUESTION 31 If Kroos uses LIFO retail inventory method, ending inventory (assuming all markups, markdowns and abnormal spoilage are associated with purchases) is approximately $109,312 5110,572 $111.089 $113,179