Question 2 of 11 Current Atimp in Progress och Comanero.2019, the convention when merchandiswa mdown in 2010 abc there was not sending voor 2010 08.300 would have been derither contattate UFO On December 31, 2020, the storagement content des tower 2020, investory would under both As perguruan below. The lastnine Cont in 1.2020 More Martin 560200 12.700 22.100 181.300 562.500 Pure 12800 Detector the 2000 ennentory here come to the Union formation purpos 2 decimos772 and now $ Endered 5 Edinger Food Textbook Medis Aond Question 2 of 11 - Www Current Attention Program Nas Contenary 1, 2016 detin.corallorem. Nec merchandise Wared Gewin 2017 decether was beginner wirfor 2015 08.300 within the calm the Forester On December 31, 2020 the management des adoptForstoww. December 2020.eto per botter. Alle regarding below Theresendorn the price Cont 36.200 12.00 rivendor 1.2020 $30.00 Markdowns net Purchase 120000 Sanat 22.100 200 160.500 Determine the cost of the 2030 ending intory be conventional method ostal method for Wito de 78.72xando de 2007) 5 Tretorn comic real cod Erdi LIFO Textbook and Media Nash Company began operations on January 1, 2019, adopting the conventional retail inventory system. None of the company's merchandise was marked down in 2019 and, because there was no beginning inventory its ending inventory for 2019 of $ 38,300 would have been the same under either the conventional retail system or the LIFO retail system. On December 31, 2020, the store management considers adopting the LIFO retail system and desires to know how the December 31, 2020, inventory would appear under both systems. All pertinent data regarding purchases, sales, markups, and markdowns are shown below. There has been no change in the price level. Cost Retail Inventory, Jan. 1.2020 $38,300 $ 60,200 Markdowns (net) 12.700 Markups (net) 22.100 Purchases (net) 128,800 181,200 Sales (net) 169,500 Determine the cost of the 2020 ending inventory under both (a) the conventional retail method and (b) the LIFO retail method. (Round ratios for computational purposes to 2 decimal place, eg. 78.72% and final answers to decimal places, eg. 28,987.) $ (a) Ending inventory using conventional retail method (b) Ending inventory LIFO retail method