Transcribed image text : Indigo Corporation began operations on January 1, 2020, with a beginning inventory of $39,940 at cost and $51,000 at retail. The following information relates to 2020. Retail Net purchases ($109,300 at cost) $152,400 Net markups 9,800 Net markdowns 5,100 Sales revenue 129,300 (b) Assume instead that Indigo decides to adopt the dollar-value LIFO retail method. The appropriate price indexes are 100 at January 1 and 110 at December 31. Compute the ending inventory to be reported in the balance sheet. (Round ratios for computational purposes to 2 decimal places, e.g. 78.72% and final answer to o decimal places, e.g. 28,987.) Ending inventory using the dollar-value LIFO retail method $ (c) On the basis of the information in part (b), compute cost of goods sold