QUESTION 9 Use the following information for questions 9 and 10, Baker Company, which uses the LIFO Retail method to determine inventory cost, and has provided the following information for 2019: Inventory (1/1/19). (Cost $94,000) Net purchases. (Cost $378,000) Net purchases Retail $562.000) Inventory (1/1/19). (Retail $140,000) Net markups. $68.000 Net markdowns 530,000 Net sales... $530,000 Assuming stable prices (no change in the price index during 2019), what is the cost of Baker's inventory at December 31, 2019? QUESTION 10 Assume instead that the ending inventory shown on the balance sheet at 12/31/19 IS133,690 and the volume increase in base figures of ending inventory at retail is $60,000, then by how much did sales prices ince during 20197 Hint: If your answer was 2% just write 2