Pina Corporation began operations on January 1, 2017, with a beginning inventory of $10,740 at cost and $14,000 at retail. The following information relates to 2017. Retail Net purchases ($126,000 at cost) $180,000 Net markups 18,000 Net markdowns 12,000 Sales 173,000 Pina Corporation began operations on January 1, 2017, with a beginning inventory of $10,740 at cost and $14,000 at retail. The following information relates to 2017. (c) Your Answer Correct Answer (Used) Assume instead that Pina 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 1 decimal place, e.g. 78.7% and final answer to O decimal places, e.g. 28,987.) Ending inventory using the dollar-value LIFO retail method $ On the basis of the information in part (b), compute cost of goods sold. Cost of goods sold using the dollar-value LIFO retail method $ 18,591