Click Submit to complete this assessment. Question 12. Presented below is information related to Manama Company. Cost Retail Beginning inventory $670,000 $600,000 Purchases 1,550,000 2,960,000 Markups 135,000 Markup cancellations 60,000 Markdowns 42,000 Markdown 8,000 cancellations Sales 3,110,000 Sales return i 130,000 Required: Compute the ending inventory at retail and at cost by the conventional retail inventory method (Show your calculations). For the toolbar, press ALT F10 (PC) or ALT+FN+F10 (Mac). BIVS Paragraph v Arial V 10pt AV EEV I. LV X P