Sohnson Corporation had beginning inventory 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 retali. 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 places and the final answer to the nearest whole dollar. Feestback * Check My Work When prices change during a period, a company can combine the principles of the retall LIFO method with the dollar-value LIFO method to eliminate the effects of this price change. This combination is called the dollar-value LfFo retall method