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 $$37,000$ and a cost of $$30,090$ 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 $$68,850,$ the cost$-$to$-$retail percentage for $2023$ under the

LIFO retail method was $70\%,$ and the appropriate price index was $102\%$ of the January $1,2023,$ price level.

d$.$ The retail value of the December $31,2024,$ inventory was $$40,950,$ the cost$-$to$-$retail percentage for $2024$ under the

LIFO retail method was $69\%,$ and the appropriate price index was $105\%$ of the January $1,2023,$ price level.