As of January 1, 2017,WindsorInc. adopted the retail method of accounting for its merchandise inventory.

To prepare the store's financial statements at June 30, 2017, you obtain the following data.

Cost

Selling Price

Inventory, January 1 $30,800 $43,600

Markdowns 9,400

Markups 9,100

Markdown cancellations 6,000

Markup cancellations 3,200

Purchases 116,576 155,700

Sales revenue 151,500

Purchase returns 2,800 4,400

Sales returns and allowances 7,800

ComputeWindsor's June 30, 2017, inventory under the conventional retail method of accounting for inventories.(Round ratios for computational purposes to 0 decimal places, e.g. 78% and final answer to 0 decimal places, e.g. 28,987.)

Without prejudice to your solution to part (a), assume that you computed the June 30, 2017, inventory to be $58,320at retail and the ratio of cost to retail to be70.64%. 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 0 decimal places, e.g. 28,987.)