On January 1, 2015, Red Rose Stores adopted the Dollar-Value L.IFO retail inventory method. Inventory transactions at both cost and retail, and cost indexes for 2015, 2016 and 2017 are 2015 2016 2017 Cost Retail Cost Retail Cost Retail Beginning Inventory $105,000 s140,000 Purchases Purchase Discounts Net Markups Net Markdowns Normal Spoilage Abnormal Spoilage Sales 187,000 252,000 187,000 259,000 270,000 320,000 3,000 2,000 6,000 9,000 5,000 2,000 10,000 4,000 1,200 6,000 3,000 5,0002,510 5,500 25,000 8500 2,500 335,900 203,100 8,500 302,300 6,000 Employee Discounts 7,500 Price Index 1.05 1.08 1.10 Calculate the ending inventory and cost of goods sold as of December 31, 2015, 2016, and 2017. She all computations and round off your answer to the nearest dollar. On January 1, 2015, Red Rose Stores adopted the Dollar-Value L.IFO retail inventory method. Inventory transactions at both cost and retail, and cost indexes for 2015, 2016 and 2017 are 2015 2016 2017 Cost Retail Cost Retail Cost Retail Beginning Inventory $105,000 s140,000 Purchases Purchase Discounts Net Markups Net Markdowns Normal Spoilage Abnormal Spoilage Sales 187,000 252,000 187,000 259,000 270,000 320,000 3,000 2,000 6,000 9,000 5,000 2,000 10,000 4,000 1,200 6,000 3,000 5,0002,510 5,500 25,000 8500 2,500 335,900 203,100 8,500 302,300 6,000 Employee Discounts 7,500 Price Index 1.05 1.08 1.10 Calculate the ending inventory and cost of goods sold as of December 31, 2015, 2016, and 2017. She all computations and round off your answer to the nearest dollar