Use the charts and information below to answer parts A, B, and C to receive full creit.

The following data information is available for Pumas Company. In order to determine ending inventory, Puma uses retail inventory method. Also, sale revenue is recorded net of employee discount, which totals $2k in the year.

	Cost	Retail
Purchase Returns	5,000	8,000
Purchases	193,000	288,000
Abnormal Spoilage	2,700	4,300
Beginning Inventory	77,000	103,000

	Amount ($)		Amount ($)
Freight-in	7,000	Markdowns	18,000
Normal Spoilage	7,800	Markdown Cancellations	6,000
Sales Returns	6,000	Markups	19,000
Sales Revenue	218,000	Markup Cancellations	9,500

1. Now, if Puma uses the conventional retail inventory method, the ending inventory would most likely be which of the following? $103,962, $109,221, $107,110, $105,882

2. If Puma utilizes average cost retail inventory method, the ending inventory would most likely be which of the following? $116,745, $112,218, $110,526, $115,181

3. If Puma uses LIFO retail inventory method, the ending inventory is approximately which of the following:(assuming that all markups, abnormal spoilage, and markdowns are associated with purchases)? $109,312, $111,089, $110,572, $113,179