Exercise 9-28 Marin Corporation began operations on January 1, 2020, with a beginning inventory of $16,275 at cost and $49,200 at retail. The following information relates to 2020. Net purchases ($110,300 at cost) Net markups Net markdowns Sales revenue Retail $148,200 10,100 4,900 128,300 Assume Marin 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 & LINK TO TEXT Assume instead that Marin 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 O decimal places, e.g. 28,987.) Ending inventory using the dollar-value LIFO retail method