View Policies Current Attempt in Progress You assemble the following information for Tamarisk Department Store, which computes its inventory under the dollar-value LIFO method. Inventory on January 1, 2020 Purchases Increase in price level for year Cost $496,800 883,200 Retail $690,000 1,104,000 9% Compute the cost of the inventory on December 31, 2020, assuming that the inventory at retail is (a) $676,890 and (b) $839,845. (Round ratios for computational purposes to decimal places, eg. 78% and final answers to decimal places, e.g. 28,987.) $ (a) Cost of the inventory on December 31, 2020 (b) Cost of the inventory on December 31, 2020 $ e Textbook and Media Attempts: 0 of 10 used Submit Answer Save for Later W 16