As of January 1, 2020, Sarasota Inc, adopted the retail method of accounting for its merchandise inventory. To prepare the store's financial statements at June 30, 2020. you obtain the following data. Cost $28,100 Inventory, January 1 Markdowns Markups Markdown cancellations Markup cancellations Purchases Sales revenue Purchase returns Sales returns and allowances Selling Price $43,500 11,000 9,200 6,000 3,000 153,800 154,200 3,900 7.500 94,560 2.900 Compute Sarasota's June 30, 2020, inventory under the conventional retail method of accounting for inventories. (Round ratios for computational purposes to decimal places, eg. 78% and final answer to decimal places, eg. 28,987.) Inventory under the conventional retail method $ 28740 Attempts: 1 of 1 used (b) Without prejudice to your solution to part (a), assume that you computed the June 30, 2020, inventory to be $57,240 at retail and the ratio of cost to retail to be 65%. The general price level has increased from 100 at January 1, 2020, to 108 at June 30, 2020. Compute the June 30, 2020, inventory at the June 30 price level under the dollar-value LIFO retail method. (Round ratios for computational purposes to 2 decimal places, eg. 78% and final answer to decimal places, e.g. 28,987) Ending inventory at dollar-value LIFO cost