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Ayayai Comparry began operations late in 2024 and adopted the comventional retail imventory method. Because there was no beginning inventory for 2024 and no matkdowns

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Ayayai Comparry began operations late in 2024 and adopted the comventional retail imventory method. Because there was no beginning inventory for 2024 and no matkdowns during 2024 , the ending inventory for 2024 was $14,458 under both the comventional retail method and the L.OO retail method. At the end of 2025, management wants to compare the results of applying the conventional and LIFO retail methods. There was no change in the price level during 2025 . The following data are available for computations. Compute the cost of the 2025 ending inventory under both: (a) The conventional retail method. Ending inventory using the conventional retail method (b) The LIFO retail method. Ending inventory at cost Ending inventory at retail

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