The records for the Clothing Department of Metlocks Discount Store are summarized below for the month of January.

Inventory, January 1: at retail $25,100; at cost $17,200

Purchases in January: at retail $135,800; at cost $86,906

Freight-in: $9,400

Purchase returns: at retail $2,900; at cost $2,300

Transfers in from suburban branch: at retail $13,100; at cost $7,000

Net markups: $8,000

Net markdowns: $3,900

Inventory losses due to normal breakage, etc.: at retail $500

Sales revenue at retail: $96,900

Sales returns: $2,400

a) Compute the inventory for this department as of January 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