*E9-22 (Retail Inventory MethodConventional and LIFO) Brewster Company began operations on January 1, 2010, adopting the conventional retail inventory system. None of the company's merchandise was marked down in 2010 and, because there was no beginning inventory, its ending inventory for 2010 of $41,100 would have been the same under either the conventional retail system or the LIFO retail system. On December 31, 2011, the store management considers adopting the LIFO retail system and desires to know how the December 31, 2011, inventory would appear under both systems. All pertinent data regarding purchases, sales, markups, and markdowns are shown below. There has been no change in the price level. Cost Retail Inventory, Jan. 1, 2011 $ 41,100 $ 60,000 Markdowns (net) 13,000 Markups (net) 22,000 Purchases (net) 150,000 191,000 Sales (net) 167,000 Instructions Determine the cost of the 2011 ending inventory under both (a) the conventional retail method and (b) the LIFO retail method