The Following Information Is Available from the Records of Bulk

The following information is available from the records of Bulk Foods Inc. for the year ended December 31, 2005: $\begin{array} { | l | l | l | } \hline & \text { At Cost } & \text { At Retail } \\\hline \text { Sales } & & \$ 100,000 \\\hline \text { Purchases } & \$ 48,000 & 90,000 \\\hline \text { Inventory, January 1, 2005 } & 24,000 & 54,000 \\\hline \text { Net additional mark-ups } & & 12,000 \\\hline \text { Net markdowns } & & 6,000 \\\hline\end{array}$
(a) Under the average cost retail method (non LCM) the inventory cost on December 31, 2005 is $__________.
(b) Under the retail method on FIFO basis, LCM, the inventory cost on December 31, 2005 is $__________.