PRINTER VERSION BACK CC 113 Project 1D he retail inventory method is used by The Bronx Company. Inventory, purchases, and sales data for 2016 are as follows: Cost $20,000 130,000 3,000 8,000 Retail $25,000 346,500 4,000 eginning Inventory urchases urchases Returns and Allowances reight-in Het Markups et Markdowns et Sales 20,000 10,000 205,000 sing the retail inventory method, calculate the Lower-of-Average-Cost-or-Market of the Bronx Company's ending inventory. (Do not use ollar signs (S) when entering amounts. To see comma formatted numbers reflected in your final answers, you must enter yo iswers with commas.) Cost Retail