(Solved): Presented below is information taken from for the three months ended March 31, 2023 in relation to ...

Presented below is information taken from for the three months ended March 31, 2023 in relation to ABC Inc.'s application of retail inventory method. \table[[,Cost,Retail],[Inventory, Jan 1.,300,000,1,200,000],[Purchases,6,000,000,8,500,000],[Purchase returns,380,000,760,000],[Purchase discounts,150,000,],[Purchase allowance,50,000,],[Freight-in,20,000,],[Markups,,600,000],[Markup cancellations,,50,000],[Departmental Transfer-in,600,000,1,100,000],[Departmental Transfer-out,560,000,1,334,000],[Abnormal Loss,20,000,40,000],[Markdown,,316,000],[Markdown cancellations,,100,000],[Sales,,7,000,000],[Sales Returns,,700,000],[Sales allowance and discounts,,],[Normal Shrinkage,,500,000]] Q: Compute the (1) estimated ending inventory; (2) cost of goods sold; (o) inventory shortage using: a. Conservative method b. Average Method c. FIFO Method