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Harris Corporation provided the following information for the fiscal year ended December 31, 2018: Cost Retail Inventory, January 1 Cost - 1,119,000 Retail - 2,070,000

Harris Corporation provided the following information for the fiscal year ended December 31, 2018:

Cost Retail

Inventory, January 1 Cost - 1,119,000 Retail - 2,070,000

Purchases Cost- 4,690,000 Retail- 6,400,000

Markups Retail- 426,000

Markdowns Retail- 280,000

Sales Retail- 6,170,000

i. Calculate ending inventory at December 31, 2018 assuming Harris uses the LIFO Retail method.

ii. Calculate ending inventory at December 31, 2018 assuming Harris uses the Conventional Retail Method

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