Switty Company began operations late in 2024 and adopted the conventional retail inventory method. Because there was no beginning imventory for 2024 and no markdowns during 2024 , the ending inventory for 2024 was $11,988 under both the conventional retail method and the LIFO retail method. At the end of 2025, management wants to compare the results of applying the comventional and UFO retal methods. There was no change in the price level during 2025 . The following data are available for computations. Compute the cost of the 2025 ending inventory under both: (a) The conventional retail method. Ending inventory using the conventional retail method (b) The LIFO retail method. Ending inventory at cost Ending inventory at retail To prepare the store's financial statements at June 30,2025 , you obtain the following data. (a) Prepare a schedule to compute Bonita's June 30,2025, inventory at cost under the conventional retail method of accounting for. irventories