Harvey's Junk Jewelry started business January 4, 2021, and uses the LIFO retail method to estimate ending inventory. Listed below is data secumulated for the year ended December 31, 2021: Beginning inventory Cost Retail $16,600 $24,600 Purchases 50,600 79,600 Freight-in 4,100 Purchase returns 3,300 4,200 Net markups 2,800 Net markdowns Net sales Employee discounts The estimated ending inventory at retail is: 5,700 72,200 2,300 Multiple Choice $23,400 $22,600