The Gerard Company uses the conventional retail inventory method. The following data is for year end: Beginning inventory: Cost 22,000 Retail 31,000 Freight in 1,100 Purchases Cost 68,000 Retail 107,000 Purchase returns Cost 2,000 Retail 3,000 Sales 103,000 Sales returns 3,000 Sales discounts 1,800 In Blank 1 Ending inventory at retail In Blank 2 Ending inventory at cost.