QUESTION 2 (10 marks) A. Harlingen Store uses the retail method concerning their most recent accounting period (5 marks e the following informac At Retail 5 245 200 1.229,800 At Cost $148,600 677.400 1,200,000 Beginning-of-period inventory Net purchases Sales (1) What is the cost ratio using the retail method? (2) What is the estimated cost of the ending inventory D. A company's store was destroyed by a fire on February 10. The only information that could be salvaged included the following: (1) Inventory, January 1: $34,000(2) Purchases. $118.000(3) Sales: $140,000 The company's gross profit rate was 30%. Calculate the estimated value of the destroyed inventory