Brief Exercise 9-12 * Your answer is incorrect. Try again. Crane Inc. had beginning inventory of $11,895 at cost and $19,500 at retail. Net purchases were $113,890 at cost and $159,600 at retail. Net markups were $9,600, net markdowns were $6,500, and sales revenue was $138,600. Compute ending inventory at cost using the LIFO retail method. (Round ratios for computational purposes to 1 decimal place, e.g. 78.7% and final answer to 0 decimal places, e.g. 28,987.) X Ending inventory using LIFO retail method 43600