Hi I need help solving part 2 please,

As of January 1, 2017, Waterway Inc. adopted the retail method of accounting for its merchandise inventory. To prepare the stores financial statements at June 30, 2017, you obtain the following data.

		Cost			Selling Price
Inventory, January 1		$31,800			$39,800
Markdowns					10,200
Markups					9,000
Markdown cancellations					6,300
Markup cancellations					3,000
Purchases		95,336			155,500
Sales revenue					151,200
Purchase returns		2,900			4,100
Sales returns and allowances					7,700

Part 1

Correct answer Your answer is correct.

Compute Waterways June 30, 2017, inventory under the conventional retail method of accounting for inventories. (Round ratios for computational purposes to 0 decimal places, e.g. 78% and final answer to 0 decimal places, e.g. 28,987.)

Inventory under the conventional retail method

$

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Part 2

Without prejudice to your solution to part (a), assume that you computed the June 30, 2017, inventory to be $58,320 at retail and the ratio of cost to retail to be 79.90%. The general price level has increased from 100 at January 1, 2017, to 108 at June 30, 2017. Compute the June 30, 2017, inventory at the June 30 price level under the dollar-value LIFO retail method. (Round ratios for computational purposes to 2 decimal places, e.g. 78% and final answer to 0 decimal places, e.g. 28,987.)

Ending inventory at dollar-value LIFO cost

$

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