*Problem 9-12 As of January 1, 2017, Tamarisk Inc. adopted the retail method of accounting for its merchandise inventory To prepare the store's financial statements at June 30, 2017, you obtain the following data. Cost Selling Price Inventory, January 1 Markdowns Markups Markdown cancellations Markup cancellations Purchases Sales revenue Purchase returns Sales returns and allowances $29,000 $46,100 9,600 9,300 7,000 3,500 156,800 154,200 4,200 8,200 118,695 2,500 Compute Tamarisk's June 30, 2017, inventory under the conventional retail method of accounting for inventories. (Round ratios for computational purposes to o decimal places, e.g. 78% and final answer to 0 decimal places, e.g. 28,987.) Inventory under the conventional retail method Without prejudice to your solution to part (a), assume that you computed the June 30, 2017, inventory to be $64,800 at retail and the ratio of cost to retail to be 62.91%. The general price level has increased from 100 at January 1, 2017, to 108 at June 30, 2017. Compute the June 30, 2017, inventory at the June 30 price level under the dollar-value LIFO retail method. (Round ratios for computational purposes to 2 decimal places, e.g. 78% and final answer to 0 decimal places, e.g. 28,987.) Ending inventory at dollar-value LIFO cost