PLEASE EXPLAIN YOUR ANSWER!!

Buffalo Corporation began operations on January 1, 2020, with a beginning inventory of $26,008 at cost and $50,700 at retail. The following information relates to 2020. Retail $152,900 Net purchases ($106,300 at cost) Net markups Net markdowns Sales revenue 9,800 5,100 128,500 Assume instead that Buffalo 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, eg. 78.72% and final answer to decimal places, eg. 28,987.) Ending inventory using the dollar-value LIFO retail method $ $