Showttempt History Current Attempt in Progress Cheyenne Company began operations on January 1, 2019, adopting the conventional retail irventory system. None of the compamy's merchandisewas marked down in 2019 and, beczuse there was no beginning inventory, its ending inventory for 2019 of $38,100 would have been the same under either the conventional retail system or the LIFO retail system. On December 31, 2020, the store management considers adopting the LifO retall system and desires to know how the December 31 . 2020, inventory would appear under both systems. All pertinent data regarding purchases, sales, markups, and markdowns are shown below. The Qhas been no change in the pricelevel. Determine the cost of the 2020 ending inventory under both (a) the conventional retail method and (b) the LiFO retail method. (Round ratios for computational purposes to 2 decimal ploce, ese. 78.72% and final answers to 0 decimal places e. 28.987.) Determine the cost of the 2020 ending inventory under both (a) the conventional retail method and (b) the LIFO retail method. (Round ratios for computational purposes to 2 decimal ploce, es. 78.72% and final answers to 0 decimal places, es. 28,987.)