Turner Corporation uses the retail inventory method. The following information relates to 2016:

	Cost	Retail		Cost	Retail
Inventory, Jan,1	$29,000	$45,000	Additional markups	---	$50,000
Purchases (gross price)	140,000	190,000	Markup cancellations	---	10,000
Purchases discounts taken	3,000	-------	Markdowns	---	15,000
Purchases returns	5,000	8,000	Markdown canellations	---	3,000
Freight - in	20,000	-------	Net sales	---	190,000
Employee discounts	------	3,000

Required:

Compute the cost of the ending inventory under each of the following cost flow assumptions (round the cost-to-retail ratio to 3 decimal places):

1. FIFO

2. Average Cost

3. LIFO

4. lower of cost or market (based on average cost)

**THERE ARE NO UNITS LISTED IN THE QUESTION.***