11. a) Texans Corp uses the Average Cost Retail Method for inventory. During 2019, Texans had $70,000 worth of markups and $30,000 worth of markdowns. Additional information is provided in the table below. What COGS (cost of goods sold) should Texans Corp report for 2019? Cost Retail Inventory 1/1/2019 $80,000 $120,000 Purchases in FY 2019 $210,000 $320,000 Sales during FY 2019 $280,000 b) Directionally, how would Texan Corp's COGS differ from those calculated in (a) if Texans Corp had used the Conventional Retail Method? Your answer should be "higher", "lower", or "the same." You do not need to calculate a value. No explanation or work required