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 15,236 21,517 23,095 17,257 22,759 20.690 10,465 9,837 22,759 20.690 10,465 9,837 5,678 33,897 44,987 11,888