3 ces Required information [The following information applies to the questions displayed below.] Raleigh Department Store uses the conventional retall method for the year ended December 31, 2022. Available information follows: a. The inventory at January 1, 2022, had a retall value of $37,000 and a cost of $30,090 based on the conventional retall method. b. Transactions during 2022 were as follows: Gross purchases Purchase returns. Purchase discounts Sales Sales returns Employee discounts Freight-in Net markups Net markdowns Cost $ 177,030 5,700 4,200 29,500 Retail $ 410,000 28,000 345,000 5,500 3,000 Sales to employees are recorded net of discounts. c. The retail value of the December 31, 2023, inventory was $68,850, the cost-to-retail percentage for 2023 under the LIFO retail method was 70%, and the appropriate price index was 102% of the January 1, 2023, price level. d. The retail value of the December 31, 2024, inventory was $40,950, the cost-to-retail percentage for 2024 under the LIFO retail method was 69%, and the appropriate price index was 105% of the January 1, 2023, price level. Total ending inventory at dollar-value LIFO retail cost, 2023 Total ending inventory at dollar-value LIFO retail cost, 2024 17,000 28,000 Required: 3. Assume Raleigh Department Store adopts the dollar-value LIFO retail method on January 1, 2023. Estimate ending inventory for 2023 and 2024. Note: Round your cost-to-retail percentage calculation to 2 decimal places (i.e., 0.1234 should be entered as 12.34) and final answers to the nearest whole dollar. $ 26,910