SwiftyCorporation began operations on January 1, 2017, with a beginning inventory of $34,486at cost and $50,700at retail. The following information relates to 2017.

Retail

Net purchases ($110,000at cost)$148,900Net markups9,800Net markdowns4,900Sales revenue127,100

Assume instead that Swifty decides to adopt the dollar-value LIFO retail method. The appropriate price indexes are 100 at January 1 and 110 at December 31. Compute the ending inventory to be reported in the balance sheet. (Round ratios for computational purposes to 2 decimal places, e.g. 78.72% and final answer to 0 decimal places, e.g. 28,987.)

Ending inventory using the dollar-value LIFO retail method$

On the basis of the information in part (b), compute cost of goods sold. (Round ratios for computational purposes to 2 decimal places, e.g. 78.72% and final answer to 0 decimal places, e.g. 28,987.)

Cost of goods sold using the dollar-value LIFO retail method$