Raleigh Department Store uses the conventional retail method for the year ended December $31,2022.$ Available

information follows:

a$.$ The inventory at January $1,2022,$ had a retail value of $$49,000$ and a cost of $$34,380$ based on the conventional

retail method.

b$.$ Transactions during $2022$ were as follows:

Sales to employees are recorded net of discounts.

c$.$ The retail value of the December $31,2023,$ inventory was $$85,330,$ the cost$-$to$-$retail percentage for $2023$ under

the LIFO retail method was $69\%,$ and the appropriate price index was $106\%$ of the January $1,2023,$ price level.

d$.$ The retail value of the December $31,2024,$ inventory was $$52,320,$ the cost$-$to$-$retail percentage for $2024$ under

the LIFO retail method was $68\%,$ and the appropriate price index was $109\%$ of the January $1,2023,$ price level.

Required:

Estimate ending inventory for $2022$ using the conventional retail method.

Note: Amounts to be deducted should be indicated with a minus sign. Round your cost$-$to$-$retail percentage calculation to $2$

decimal places $($i$.$e$.,0\mathrm{.}1234$ should be entered as $12\mathrm{.}34)$ and final answers to the nearest whole dollar.