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Canova Corporation adopted the dollar-value LIFO retail method on January 1, 2018. On that date, the cost of the inventory on hand was $18,000 and its retail value was $24,000. Information for 2018 and 2019 is as follows: Ending Inventory Retail Price Cost-to-Retail Date 12/31/18 12/31/19 at Retail $39,000 $50,000 Index 1.30 1.60 Percentage 778 80 Required: 1. What is the cost-to-retail percentage for the inventory on hand at 1/1/18? 2. Calculate the inventory value at the end of 2018 and 2019 using the dollar-value LIFO retail method. Complete this question by entering your answers in the tabs below Required 1Required 2 What is the cost-to-retail percentage for the inventory on hand at 1/1/18? st-to-retail percentage Required 1Required 2 Calculate the inventory value at the end of 2018 and 2019 using the dollar-value LIFO retail method. (Round your answers to the nearest whole dollar amount.) 2018 2019 Ending