For FCL Corporation, the following inventory information is available for the year ended December 31, Year 1: Beginning inventory on 1/1/Yr 1 Net purchases Cost $35,000 55,000 Retail $100,000 110,000 Net markups 15,000 25,000 Net markdowns Net sales 150,000 The December 31, Year 1, ending inventory at cost using the LIFO retail inventory method (assuming stable prices) equals O A. $27,500 B. $35,000 C. $50,000 D. $17,500