Please answer c

Presented below is information related to Concord Company. (a) Compute the ending inventory at retail. Ending inventory $ Your answer is correct. Compute a cost-to-retail percentage under the following conditions. (Round ratios to 2 decimal places, e.g. 78.74\%) eTextbook and Media Attempts: 1 of 5 u (C) Which of the methods in (b) above does the following? (1) Provides the most conservative estimate of ending inventory. (2) Provides an approximation of lower-of-cost-or-market. (3) Is used in the conventional retail method