20 Willie Nelson's Boots uses the conventional retail method to estimate ending inventory Cost data for the most recent quarter is shown below. Cost $70,000 30 $35,000 157,000 Beginning Inventory Net purchases Net markups Net markdowns Net sales 206.000 24,000 27,000 223.000 To the nearest thousand, estimated ending inventory using the conventional retail method is (Do not round Intermediate calculations) Multiple Choice O $34.000 $47.000 o $20,000