Indigo Company began operations late in 2016 and adopted the conventional retail inventory method. Because there was no beginning inventory for 2016 and no markdowns during 2016, the ending inventory for 2016 was $13,347 under both the conventional retail method and the LIFO retail method. At the end of 2017, management wants to compare the results of applying the conventional and LIFO retail methods. There was no change in the price level during 2017. The following data are available for computations Cost Retail Inventory, January 1, 2017 Sales revenue Net markups Net markdowns Purchases Freight-in Estimated theft S20,500 75,000 8,300 1,500 76,300 $13,347 54,200 8,125 2,100 Compute the cost of the 2017 ending inventory under both: (a) The conventional retail method. (Round ratios for computational purposes to 0 decimal places, e.g. 78% and final answer to 0 decimal places, e.g. 28,987.) Ending inventory using the conventional retail method (b) The LFO retail method. (Round ratios for computational purposes to 0 decimal places, e.g. 78% and final answers to 0 decimal places, e.g 28,987.) Ending inventory at cost Ending inventory at retail