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 $54,000 and a cost of $39,500 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 $78,225, the cost-to-retail percentage for 2023 under the LIFO retail method was 72%, 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 $54,540, the cost-to-retail percentage for 2024 under the LIFO retail method was 71%, 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