Grouper Corporation began operations on January 1, 2020, with a beginning inventory of $34,486 at cost and $50,700 at retail. The following information relates to 2020. Retail Net purchases ($110,000 at cost) $148,900 Net markups 9,800 Net markdowns 4,900 Sales revenue 127,100 Your answer is correct. Assume Grouper 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 \"MI Assume instead that Grouper 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 a decimal places, e.g. 28,987.) III Ending inventory using the dollar-value LIFO retail method $ I 457g7| LINK TO TEXT El Your answer is incorrect. Try again. On the basis of the information in part (b), compute cost of goods sold. (Round ratios for computational purposes to 2 decimal places, e.g. 78.72% and final answer to a decimal places, e. 9. 28,987.) Cost of goods sold using the dollar-value LIFO retail method @