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Johnson Corporation had beginning imventory of $20,000 at cost and $35,000 at retail. During the year, it made net purchases of $180,000 at cost and $322,000 at retall. Johnson made sales of $300,000. Assuming a price index of 100 at the beginning of the year and 110 at the end of the year, compute Johnson's ending inventory at cost using the dollar-value Lifo retail method. Round cost index computations to four decimal places, other intermediate calculations to two decimal piaces and the final answer to the nearest whole doliar. Feedtach 7 Cieck My woik When prices change during a period, a company can combine the principles of the retail Lifo method with the dollar-yalue LIFO method to eliminate the effects of this price change. This combination is called the dollar-value LIFO retall method