Cab Corp. uses the retail inventory method. The following information is available for the current year:

a. The estimated cost of inventory at the end of the current year using the conventional (lower of cost or market) retail inventory method is?

b. The estimated cost of inventory at the end of the current year using the average retail inventory method is?

c. The estimated cost of inventory at the end of the current year using the FIFO retail inventory method is?

RETAIL P6,800,000 27,500,000 COST P5,500,000 23,450,000 1,200,000 1,000,000 1,500,000 800,000 1,300,000 Beginning Inventory Purchases Freight in Purchase returns Purchase allowances Departmental transfer in Net markups Net markdowns Sales Sales returns Sales discounts Employee discount Loss from breakage 1,000,000 900,000 2,100,000 3,500,000 500,000 350,000 800,000 150,000