Carla Corporation began operations on January 1, 2020, with a beginning inventory of $41,450 at cost and $50,800 at retail. The following information relates to 2020.

		Retail
Net purchases ($106,600 at cost)		$150,700
Net markups		10,000
Net markdowns		5,000
Sales revenue		125,600

1. Assume Carla decided to adopt the conventional retail method. Compute the ending inventory to be reported in the balance sheet. (Round ratios for computational purposes to 1 decimal place, e.g. 78.7% and final answer to 0 decimal places, e.g. 28,987.)

Ending inventory using the conventional retail method

2. Assume instead that Carla 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, e.g. 78.72% and final answer to 0 decimal places, e.g. 28,987.)

Ending inventory using the dollar-value LIFO retail method

3. On the basis of the information in part (b), compute cost of goods sold. (Round ratios for computational purposes to 2 decimal places, e.g. 78.72% and final answer to 0 decimal places, e.g. 28,987.)

Cost of goods sold using the dollar-value LIFO retail method