14 15 16 17 18 19 20 Question 13 A Business estimates ending inventory using the CONVENTIONAL Retail Method. COST RETAIL $108,000 $324,000 Beginning inventory Purchases $120,000 $360,000 Markups $25,000 Markdowns $9,000 Sales $107,000 Which of the following statements are true? Select ALL correct answers, incorrect answers are penalized. The Ending Inventory at cost using the ratio, rounded to two decimal places, equals $197,667. The cost/retail ratio, rounded to two decimal places, equals 33.33% The Ending Inventory at cost using the ratio, rounded to two decimal places, equals $211,606. The cost/retail ratio, rounded to two decimal places, equals 32.16% The Ending Inventory at cost using the ratio, rounded to two decimal places, equals $ 206,703. The Ending Inventory at cost using the ratio, rounded to two decimal places, equals $190,709. The cost/retail ratio, rounded to two decimal places, equals 35.68% The cost/retail ratio, rounded to two decimal places, equals 34.86%