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Splish Company began operations on January 1,2024, adopting the cortventional retail inventory system. None of the company's merchandise was marked down in 2024 and, because

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Splish Company began operations on January 1,2024, adopting the cortventional retail inventory system. None of the company's merchandise was marked down in 2024 and, because there was no beginning imventory, its ending inventory for 2024 of $43,152 would have been the same under either the conventional retail system or the LFO retail system. On December 31.2025, the store management considers adopting the LIFO retail system and desires to know how the December 31. 2025, inventory would appear under both systems. All pertinent data regarding purchases, sales, markups, and markdowns ate shown below There has been no change in the price level Determine the cost of the 2025 ending inventory under both (a) the conventional retalf method and (b) the LIFO retail method, (Round ratios for computotional purmoses to 2 decimol ploce, es. 78.72% and finat answers to 0 declmat ploces, es. 28, 987 ) (a) Ending inventory using conventional retail method $ (b) Ending inventory UFO retail method $ Splish Company began operations on January 1,2024, adopting the cortventional retail inventory system. None of the company's merchandise was marked down in 2024 and, because there was no beginning imventory, its ending inventory for 2024 of $43,152 would have been the same under either the conventional retail system or the LFO retail system. On December 31.2025, the store management considers adopting the LIFO retail system and desires to know how the December 31. 2025, inventory would appear under both systems. All pertinent data regarding purchases, sales, markups, and markdowns ate shown below There has been no change in the price level Determine the cost of the 2025 ending inventory under both (a) the conventional retalf method and (b) the LIFO retail method, (Round ratios for computotional purmoses to 2 decimol ploce, es. 78.72% and finat answers to 0 declmat ploces, es. 28, 987 ) (a) Ending inventory using conventional retail method $ (b) Ending inventory UFO retail method $

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