19- 26 Conventional Retail and Dollar Value LIFO Hewill Amiras Corporation began operate January 1 2014 with a beginning Inventory of It IN at cost and $50 10 at retail . The following in Hon relates to 2014 FAIR Net purchases Stud , 500 at cost $150.0109 NOT IT WITHLIPS GOOD VAL IT NOWTIS 5 CHILI SELES REVENUE 126 40 0 Instructions at Assume Amiras decided to adopt the conventional mall method Compute the ending Inven be reported in the balance sheet be Assume instead that Amiras decides to adopt the dollar - value LO metal method . The apps price indexes are 160 at January I and 10 at December 31 Compute the ending Inventor reported in the balance sheet . Is On the basis of the information in part (by compute bust of goods sold