Harveys Junk Jewelry Started business January 1 2021 and uses the UFO retal method to estimate ending inventory Unted below is data accumulated for the year ended December 31 2021 Beginning Inventory Purchased Freight in Purchase returns Net sarkups Net narkdowns Net sale Lloyee discounts tost Retail $15,000 $23,000 49,800 78,300 3,300 2.500 3,400 2,000 4,900 71.400 1,500 The estimated ending inventory treats $26.000 20 120.000