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

	Cost				Retail
Beginning inventory	$	15,700			$	23,700
Purchases		49,700				78,700
Freight-in		3,200
Purchase returns		2,400				3,300
Net markups						2,350
Net markdowns						4,800
Net sales						71,300

The numerator for the current period's (2021) cost-to-retail percentage is:

Multiple Choice

• $50,500.

• $66,200.

• $48,100.

• $48,050.