You assemble the following information for Wildhorse Department Store, which computes its inventory under the dollar-value LIFO method. Cost Retail Inventory on January 1,2017 $218,808 $303,900 Purchases Increase in price level for year 359,404472,900 9% Compute the cost of the inventory on December 31,2017, assuming that the inventory at retail is (a) $299,500 and (b) $370,818. (Round ratios for computational purposes to 0 decimal places, eg 78% and final answers to 0 decimal places, eg. 28,987.) (a) Cost of the inventory on December 31, 2017 $ (b) Cost of the inventory on December 31, 2017 $