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make sure to read full question and use NON LCNRV for A and use LCNRV for b

The following information is available from TJ Foods Inc. for the year ended December 31, 2019: At Cost Sales Purchases Inventory January 1, 2019 Net Additional Markups Net Markdowns $48,000 24,000 At Retail $100,000 90,000 54,000 12,000 6,000 a) What is the inventory cost on December 31, 2019 under the average cost retail method (Non LCNRV)? What is the inventory cost on December 31, 2019 under the average cost retail method (LCNRV)? b)