As of January 1, 2017, Flint Inc. adopted the retail method of accounting for its merchandise inventory. To prepare the stores financial statements at June 30, 2017, you obtain the following data.

Selling Price Cost $28,100 Inventory, January 1 $43,500 11,000 Markdowns 9,200 Markups Markdown cancellations 6,000 Markup cancellations 3,000 94,560 153,800 Purchases 154,200 Sales revenue Purchase returns 2,900 3,900 Sales returns and allowances 7,500 Compute Flint's June 30, 2017, inventory under the conventional retail method of accounting for inventories. (Round ratios for computational purposes to decimal places, e.g. 78% and final answer to o decimal places, e.g. 28,987.) Inventory under the conventional retail method LINK TO TEXT Without prejudice to your solution to part (a), assume that you computed the June 30, 2017, inventory to be $57,240 at retail and the ratio of cost to retail to be 64.60% The general price level has increased from 100 at January 1, 2017, to 108 at June 30, 2017. Compute the June 30, 2017, inventory at the June 30 price level under the dollar-value LIFO retail method. (Round ratios for computational purposes to 2 decimal places, e.g. 78% and final answer to o decimal places, e.g. 28,987.) Ending inventory at dollar-value LIFO cost Click if you would like to Show Work for this question Open Show Work