Hoover Co

Hoover Co. uses the retail inventory method. The following information is available for the current year.
Cost Retail
Beginning inventory $ 78,000 $122,000
Purchases 295,000 415,000
Freight-in 5,000 —
Employee discounts — 2,000
Net markups — 15,000
Net markdowns — 20,000
Sales — 390,000

a) If the ending inventory is to be valued at approximately lower-of-average-cost-or-net realizable value, the calculation of the cost ratio should be based on cost of $ Answer and retail of $ Answer respectively.
b) The ending inventory at retail should be $ Answer
c) The approximate cost of the ending inventory by the conventional retail method is $ Answer