Pls do not copy from Chegg

Canova Corporation adopted the dollar-value LIFO retail method on January 1, 2016. On that date, the cost of the inventory on hand was $15,000 and its retail value was $18,750. Information for 2016 and 2017 is as follows:

Date	Ending Inventory at Retail	Retail Price Index	Cost-to-Retail %
12/31/16	25,000	1.25	82%
12/31/17	28,600	1.30	85%

1. What is the cost-to-retail percentage for the inventory on hand at 1/1/16?

2. Calculate the inventory value at the end of 2016 and 2017 using the dollar-value LIFO retail method. (Round your answers to the nearest whole dollar amount.)