The retail inventory method is used by The Bronx Company. Inventory, purchases, and sales data for 2016 are as follows: Cost $23,000 131,200 6,000 9,000 Retail $33,000 276,500 7,000 Beginning Inventory Purchases Purchases Returns and Allowances Freight-in Net Markups Net Markdowns Net Sales 25,000 10,000 213,000 Using the retail inventory method, calculate the Lower-of-Average-Cost-or-Market of the Bronx Company's ending inventory. (Do not use dollar signs ($) when entering amounts. To see comma-formatted numbers reflected in your final answers, you must enter your answers with commas.) Cost Retail > > > > Cost-to-Retail Ratio > > Ending Inventory at Average Lower of Cost or Market2 el Compute the Cost-to-Retail Ratio. (Round answers to 2 decimal places, e.g. 52.75. Do not use dollar signs ($) when entering amounts. To see comma-formatted numbers reflected in your final answers, you must enter your answers with commas.) Cost-to-Retail Ratio1 = $ 100 % Compute the Ending Inventory at Lower-of-Average-Cost-or-Market. (Round answers to 2 decimal places, e.g. 52.75. Do not use dollar signs ($) when entering amounts. To see comma-formatted numbers reflected in your final answers, you must enter your answers with commas.) Ending Inventory at Average Lower of Cost or Market