Question 13 You assemble the following information for Concord Department Store, which computes its inventory under the dollar-value LIFO method Cost Retail Inventory on January 1, 2017 Purchases Increase in price level for year 198,594 $300,900 336,210 480,300 9% Compute the cost of the inventory on December 31, 2017, assuming that the inventory at retail is (a) $290,900 and (b) $365,695. (Round ratios for computational purposes to 0 decimal places, e.g. 78% and final answers to 0 decimal places, eg. 28,987.) (a) Cost of the inventory on December 31, 2017 (b) Cost of the inventory on December 31, 2017