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, 2019. Available Information follows: a The Inventory at January 1 2019, had a retall value of $42,000 and a cost of $32,890 based on the conventional retall method b. Transactions during 2019 were as follows: Grows purchase Purchase return Purchase discounts Groua uales Sales return Employee discount Traight-in Bet markup Slut masks Cost Retail 5236,780 $460, DDD 23,00 4.700 430.DDD 6.000 5,000 27,0DD 22,00 23,000 Sales to employees are recorded net of discounts. c The retal value of the December 31, 2020, Inventory was $53,045, the cost to retail percentage for 2020 under the LIFO retal method was 76%, and the appropriate price index was 103% of the January 1 2020, price level. d. The retal value of the December 31, 2021. Inventory was $47,170, the cost to-retail percentage for 2021 under the LIFO retail method was 75%, and the appropriate price Index was 106% of the January 1, 2020, price level. Required: 3. Assume Raleigh Department Store adopts the dollar value LIFO retail method on January 1, 2020. Estimating ending inventory for 2020 and 2021 Total ending inventory at dollar-value LIFO mai cost, 2020 Total ending inventory al dollar-vals LIFO al cost, 2021