20 Willie Nelson's Boots uses the conventional retail method to estimate ending inventory. Cost data for the most recent quarter is shown below. Retail Cost $35,000 (8 .20 157,000 Beginning inventory Net purchases Net markups Net markdowns Net sales $70,000 206,000 24,000 27,000 223,000 L To the nearest thousand, estimated ending inventory using the conventional retail method is (Do not round Intermediate calculations): M ole Choice $34,000