The records for the Clothing Department of Marin Fine Clothing are summarized below for the month of May.

Inventory, May 1: at cost $64,000; at retail $98,800

Purchases in May: at retail $106,100; at cost $65,642

Freight-in: $3,300

Purchase returns: at cost $2,400; at retail $2,800

Transfers out to a nearby branch: at retail $8,700; at cost $7,100

Net markups: $5,700

Net markdowns: $3,300

Inventory losses due to normal breakage, etc.: at retail $900

Sales at retail: $109,000

Sales returns: $3,400

a.) Compute the inventory for this department as of May 31, at retail prices.

Ending Inventory at Retail: $_________________

b.) Compute the ending inventory using lower-of-average-cost-or-market. (Round ratios for computational purposes to 0 decimal places, e.g 78% and final answer to 0 decimal places, e.g. 28,987.)

Ending inventory at lower-of-average-cost-or-market: $__________________