Indigo Inc. issues $$4,200,000$ of $7\%$ bonds due in $10$ years with interest payable at year$-$end. The current market rate of interest bonds of similar risk is $12\%.$

What is the amount of inventory of unsold straight chairs on December $31,2025?($Round cost per chair to $2$ decimal places, e$.$g $78\mathrm{.}25$ and final answer to $0$ decimal places, e$.$g$.5,845.)$

Amount of inventory of unsold straight chairs $

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Current Attempt in Progress

Cullumber Company began operations late in $2024$ and adopted the conventional retail inventory method. Because there beginning inventory for $2024$ and no markdowns during $2024,$ the ending inventory for $2024$ was $$11,988$ under both the conventional retail method and the LIFO retail method. At the end of $2025,$ management wants to compare the results of a conventional and LIFO retail methods. There was no change in the price level during $2025.$ The following data are available computations.

$\backslash$table$[[$Cost$,$Retail,$],[$Inventory$,$ January $1,2025,$$$11,988,$$$19,600$

Question $1$ of $1$

Compute the cost of the $2025$ ending inventory under both:

$($a$)$ The conventional retail method.

Ending inventory using the conventional retail method

$

$($b$)$ The LIFO retail method.

Ending inventory at cost

$ $$

Ending inventory at retail

$ $$

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Current Attempt in Progress

Sheridan Company began operations late in $2024$ and adopted the conventional retail inventory method. Because there was no beginning inventory for $2024$ and no markdowns during $2024,$ the ending inventory for $2024$ was $$13,527$ under both the conventional retail method and the LIFO retail method. At the end of $2025,$ management wants to compare the results of applying t conventional and LIFO retail methods. There was no change in the price level during $2025.$ The following data are available for computations.

$\backslash$table$[[,$Cost,Retail$],[$Inventory$,$ January $1,2025,$$$13,527,$$$21,100$