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Exercise 9-28 Stellar Corporation began operations on January 1, 2020, with a beginning inventory of $34,608 at cost and $49,600 at retail. The following information

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Exercise 9-28 Stellar Corporation began operations on January 1, 2020, with a beginning inventory of $34,608 at cost and $49,600 at retail. The following information relates to 2020. Net purchases ($107,700 at cost) Net markups Net markdowns Sales revenue Retail $152,700 10,100 5,100 127,700 Assume Stellar 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 O decimal places, e.g. 28,987.) Ending inventory using the conventional retail method el LINK TO TEXT Assume instead that Stellar 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 el

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