Harvey's Junk Jewelry started business January 1, 2021, and uses the LIFO retail method to estimate ending inventory. Listed below is data accumulated for the year ended December 31, 2021:

	Cost				Retail
Beginning inventory	$	16,100			$	24,100
Purchases		50,100				83,500
Freight-in		3,600
Purchase returns		2,800				3,700
Net markups						4,800
Net markdowns						6,300
Net sales						71,700
Employee discounts						1,800

To the nearest thousand, the estimated ending inventory at cost is (round cost-to-retail ratio to whole percentage):

Multiple Choice

• $19,000.

• $16,100.

• $11,300.

• $25,000.