Presented below is information related to Manama Company. Cost Retail Beginning inventory Purchases Markups Markup cancellations Markdowns Markdown cancellations Sales Sales returns $380,000 $400,000...

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Extracted text: Presented below is information related to Manama Company. Cost Retail Beginning inventory Purchases Markups Markup cancellations Markdowns Markdown cancellations Sales Sales returns $380,000 $400,000 1,850,0003,200,000 150,000 40,000 49,000 9,000 3,300,000 150,000 Required: Compute the ending inventory at retail and at cost by the conventional retail inventory method (Show your calculations).