Marin Stores Inc., which uses the conventional retail inventory method, wishes to change to the LIFO retail method beginning with the accounting year ending December 31, 2020. Amounts as shown below appear on the store's books before adjustment. Cost Retail $14,142 101,248 Inventory, January 1, 2020 Purchases in 2020 Markups in 2020 Markdowns in 2020 $22,900 174,800 12,100 6,100 161,900 Sales revenue in 2020 You are to assume that all markups and markdowns apply to 2020 purchases, and that it is appropriate to treat the entire inventory as a single department. Compute the inventory at December 31, 2020, under the following methods. The conventional retail method. (Round ratios for computational purposes to O decimal places, e.g. 78% and final answer to O decimal places, e.g. 28,987.) Ending inventory using the conventional retail method $ 22990 The last-in, first-out retail method, effecting the change in method as of January 1, 2020. Assume that the cost-to-retail percentage for 2019 was recomputed correctly in accordance with procedures necessary to change to LIFO. This ratio was 56%. (Round ratios for computational purposes to O decimal places, e.g. 78% and final answer to O decimal places, e.g. 28,987.) Ending inventory using the last-in, first-out retail method $ 30314