Required information [The following information applies to the questions displayed below] Raleigh Department Store uses the conventional retail method for the year ended December 31, 2022. Available information follows: a. The inventory at January 1, 2022, had a setail value of $53.000 and a cost of $36.930 based on the conventional retail method. b. Transactions during 2022 were as follows: Gross purchases Purchase returns Purchase discounts Sales Sales returns Employee discounts Freight-in Net arkups Net markdowns Cest $ 327,870 6,700 5,100 Cross purchases Purchase returns Purchase discounts 30,500 Sales Sales returns b. Transactions during 2022 were as follows: Cost $ 327,878 Sales to employees are recorded net of discounts. c. The retail value of the December 31, 2023, inventory wes $61,880, the cost to retail percentage for 2023 under the LIFO retal method was 70%, and the appropriate price index was 104% of the January 1, 2023 price level. d. The retail value of the December 31, 2024, inventory was $53.500, the cost-to-retail percentage for 2024 under the UFO retail method was 69%, and the appropriate price index was 107% of the January 1, 2023, price level, Required: 3. Assume Raleigh Department Store adopts the dolar-value LIFO retail method on January 1, 2023. Estimate ending inventory for 2023 and 2024. Note Dund unir enet.tn.retail narrantana rale dating to 3 darimal alaras fia 1724 child he antered as 17 31 and final 6,700 5,800 Retail 5 570,000 18,000 568,000 7,500 2,000 30,500 33,000 18,000 Total ending inventory at dollar-value LIFO retail cost 2023 Total ending inventory at dollar-value LIFO retail cost 2024 Retail $570,000 18,000 Employee discounts Freight-in Net markups Net markdowns Sales to employees are recorded net of discounts. c. The retail value of the December 31, 2023, inventory was $61880, the cost-to-retail percentage for 2023 under the LIFO retail method was 70%, and the appropriate price index was 104% of the January 1, 2023, price level. 540,000 7,500 2,000 33,000 18,000 d. The retail value of the December 31, 2024, inventory was $53,500, the cost-to-retail percentage for 2024 under the LIFO retail method was 69%, and the appropriate price index was 107% of the January 1, 2023, price level. Required: 3. Assume Raleigh Department Store adopts the dollar-value LIFO retail method on January 1, 2023. Estimate ending inventory for 2023 and 2024. Note: Round your cost to retail percentage calculation to 2 decimal places (.e, 0.1234 should be entered as 12.34) and final answers to the nearest whole dollar