Blue Corporation began operations on January 1, 2017,with a beginning iventory of $18,300 at cost and $51,000 at retail. The following information relates to 2017. Nct purchases ($110,100 at cost) Nct markups Netmarkdowns Sales revenue Retail $152,800 10,200 5,000 125,000 Your answer is correct Assume Blue decided to adopt the conventional retail method. Compute the ending inventory to be re orted in the balance sheet Round atios o computation pur es to 1 decima p ace, 78.7% andfinal ans e to 0 de m af places, 28,987 Ending inventory using the conventional retail method 50400 Your answer is incorrect. Assume instead that Blue decides to adopt the dollar-value LIFO retail method. The appropriate price indexes are 100 at January 1 and 110 at December 31. Compute the ending inventory to be reported in the balance sheet. (Round ratios for computational purposes to 2 decimal places, eg, 78.72% and final answer to O decimal places, eg 28987) Ending inventory using the dolar-value LIFO retail method$ Your answer is incorrect. On the basis of the l format in part b c ampute cost af goods sold. Roundratos frcomputati nafpu poses to 2 decemal places, eg 7 72% and inal ans er to O decima places, eg 28,98 Cost of goods sold using the dollar-valuc LIFO retail method