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

Inventory, January 1: at retail $34,000; at cost $21,500

Purchases in January: at retail $155,000; at cost $95,100

Freight-in: $8,040

Purchase returns: at retail $3,580; at cost $2,130

Transfers in from suburban branch: at retail $13,590; at cost $7,900

Net markups: $7,990

Net markdowns: $4,580

Inventory losses due to normal breakage, etc.: at retail $470

Sales revenue at retail: $95,220

Sales returns: $3,360

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