Metlock Corporation began operations on January 1, 2020, with a beginning inventory of $33,720 at cost and $49,000 at retail. The following information relates to 2020. Net purchases ($108,400 at cost) Net markups Net markdowns Sales revenue Retail $150,200 9,800 5,000 125,100 Your answer is correct. Assume Metlock 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 5753652 x Your answer is incorrect. Try again. Assume instead that Metlock 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 0 decimal places, e.g. 28,987.) Ending inventory using the dollar-value LIFO retail method [78900 x 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 0 decimal places, e.g. 28,987.) Cost of goods sold using the dollar-value LIFO retail method 51205