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Question 3 Presented below is information related to Manama Company. Cost Retail $600,000 Beginning inventory $670,000 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 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). BIUS Paragraph Arial 10pt V A Tx 26