A company uses the Retail Inventory Method. The company's purchases department has provided you with the following selected account balances: Beginning inventory: COST: $50,000 RETAIL: $67,000 Purchases: COST: $100,000 RETAIL: $148,000 In addition, you know the following information: The balance of the "Purchases discounts' account is $9,000 on 12/31 (the company uses the gross method). Freight-in expenses for the year were $15,000 The balance of the "Sales Revenue" account on 12/31 was $200,000 the balance of the "Sales Returns" account on 12/31 was $6,000 Finally, the sales department has given you the following information about price adjustments occurred during the year: Markups: $17,000 Markdowns: none Markups and markdown cancellations: none Which of the following is (approximately) the value of inventory with the conventional method? 27.026 25,552 25,552 15,236 21,517 23,095 17,257 22,759 20.690 10,465 9,837 5,678 33,897 44,987 11,888