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	$	16,300			$	24,300
Purchases		50,300				84,500
Freight-in		3,800
Purchase returns		3,000				3,900
Net markups						5,200
Net markdowns						6,700
Net sales						71,900
Employee discounts						2,000

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

Multiple Choice

• $11,100.

• $16,300.

• $26,000.

• $20,000.