Harvey's Junk Jewelry started business January 1, 2011, and uses the LIFO retail method to estimate ending inventory. Listed below is data accumulated for the year ended December 31, 2021: Beginning inventory Cost Purchases Freight-in Purchase returns Net markups Net markdowns Net sales $ 16,800 Retail $ 24,800 50,800 87,000 4300 3500 4400 6200 7700 72,400 2500 Employee discounts To the nearest thousand, the estimated ending inventory at cost is (round cost-to-retail ratio to whole percentage):