Cullumber Company began operations late in 2019 and adopted the conventional retail inventory method. Because there was no beginning inventory for 2019 and no markdowns during 2019, the ending inventory for 2019 was $12,306 under both the conventional retail method and the LIFO retail method. At the end of 2020, management wants to compare the results of applying the conventional and LIFO retail methods. There was no change in the price level during 2020. The following data are available for computations. Cost Retail Inventory, January 1, 2020 $12,306 $19,700 Sales revenue 83,000 Net markups 8,900 Net markdowns 1,800 Purchases 58,200 87,100 Freight-in 5,856 Estimated theft 2,200 Compute the cost of the 2020 ending inventory under both: (a) The conventional retail method. (Round ratios for computational purposes to 0 decimal places, e.g. 78% and final answer to 0 decimal places, e.g. 28,987.) Ending inventory using the conventional retail method $ (b) The LIFO retail method. (Round ratios for computational purposes to 0 decimal places, eg. 78% and final answers to O decimal places, eg. 28,987.) Ending inventory at cost $ Ending inventory at retail $