Required information [The following information applies to the questions displayed below] 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 $40,000 and a cost of $31,650 based on the conventional retail method. b. Transactions during 2022 were as follows: Gross purchases Purchase returns Purchase discounts Sales Sales returns Employee discounts Freight-in Net markups Net markdowns Cost $212,100 6,000 4,500 Retail $440,000 25,000 361,500 10,000 6,000 28,000 20,000 25,000 Sales to employees are recorded net of discounts. c. The retail value of the December 31, 2023, inventory was $101,325, the cost-to-retail percentage for 2023 under the LIFO retail method was 67%, and the appropriate price index was 105% of the January 1, 2023, price level. d. The retail value of the December 31, 2024, inventory was $46,980, the cost-to-retail percentage for 2024 under the LIFO retail method was 66%, and the appropriate price index was 108% of the January 1, 2023, price level. Required: 3. Assume Raleigh Department Store adopts the dollar-value LIFO retail method on January 1, 2023. Estimate ending inventory for 2023 and 2024. Note: Round your cost-to-retail percentage calculation to 2 decimal places (i.e., 0.1234 should be entered as 12.34) and final answers to the nearest whole dollar. Total ending inventory at dollar-value LIFO retail cost, 2023 Total ending inventory at dollar-value LIFO retail cost, 2024