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 O decimal places, eg 78% and final answer to decimal places, e.g. 28,987.) Ending inventory at lower-of-average-cost-or-market $