Edna's General store has the following information available for 2021: Cost Retail Sales (cash received) Discounts (from list price) to members of Military Sales returns 2 Purchases 3 Purchase returns Purchase discounts taken 5 Freight in 6 Mark ups 7 Mark up cancellations 8 Mark downs 9 Mark down cancellations 0 Inventory, January 1, 2021 1 2 73 74 350,000 20,000 5,000 20,000 75,000 400,0001 20,000! 15,000 500,000 34,000! 15,000! 5,000 15,000 8,000! 100,000 A. Calculate the December 31, 2021 inventory using the (1) conventional (average/lower of cost or market) method and (2) dollar value retail LIFO method. Note you do not need to use all the space provided. You are welcome to add lines as well.

A. Calculate the December 31, 2021 inventory using the (1) conventional (averagellower of cost or market) method and (2) dollar value retail LIFO method. Note you do not need to use all the space provided. You are welcome to add lines as well