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Nash Corporation began operations on January 1, 2020, with a beginning inventory of $26,684 at cost and $50.500 at retail The following information relates to 2020. Retail Net purchases ($106,500 at cost) $147,700 Net markups 9,900 Net markdowns 5.000 Sales revenue 128,900 (a) Your answer is correct Assume Nash 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, s. 78.7% and final answer to 0 decimal places, c. 28,987) (a) Your answer is correct. Assume Nash 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, es. 78.7% and final answer to O decimal places, es, 28,987.) Ending inventory using the conventional retail method 47488 e Textbook and Media Attempts: unlimited * Your answer is incorrect. Assume instead that Nash 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 O decimal places, e.g. 28,987) Ending inventory using the dollar-value LIFO retail method 67455 Textbook and Media Save for Later Attempts: unlimited Submit