Current Attempt in Progress The following data concerning the retail inventory method are taken from the financial records of Cullumber Company. Cost Retail Beginning inventory $ 208000 $ 292000 Purchases 1400000 908000 25200 Freight-in Net markups 81200 Net markdowns 57200 Sales 1464000 If the ending inventory is to be valued at approximately the lower of cost or market, the calculation of the cost-to-retail ratio show be based on goods available for sale at (1) cost and (2) retail, respectively of O $1141200 and $1716000 O $1141200 and $1773200. O $1116000 and $1692000. O $1141200 and $1692000. Attamate: 0 of 1 used Submit Answe