Without prejudice to your solution to part (a), assume that you computed the June 30, 2020, inventory to be $ 59,400 at retail and the ratio of cost to retail to be 71%. 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, e.g. 78% and final answer to 0 decimal places, e.g. 28,987.)

Ending inventory at dollar-value LIFO cost:

As of January 1, 2020, Sheffield 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 Selling Price Inventory, January 1 $ 28,600 $ 40,200 Markdowns 9,800 Markups 8,800 Markdown cancellations 6,400 Markup cancellations 2,900 Purchases 106,566 158,000 Sales revenue 151,600 Purchase returns 3,100 4,000 Sales returns and allowances 7,500