2) The following data pertain to simple department for the month of October for FBC coprepared a schedule computing retail inventory method using the conventional and cost method. Beg. inventory oct.1 cost retail Purchase $52,000 $78,000 Freight-in 27,000 423,000 Purchase returns 160,000 Additional markups 5,600 8000 Markup cancellation 9000 Mark downs (net) 2000 Normal spoilage & breakage 3,600 Sales 390,000 Instruction A) Compute a cost ratio after markups (and mark cancellation) but before mark down or conventional method. B) Compute a cost ratio after both markup and markdowns (and cancellation or cost method