On March 1, Year 1, LuxWear Inc. had beginning inventory and purchases at cost of $50,000 and $20,000, respectively. The beginning inventory and purchases had a retail value of $75,000 and $30,000, respectively. The company had sales of $60,000, as well as markups of $6,000 and markdowns of $10,000. What would LuxWear report as the lower of cost or market for its ending inventory on March 31, Year 1, using the conventional (LCM) retail method? (Round the cost-to-retail ratio to two decimal places.) OA. $27,470 O B. $41,000 OC. $28,290 O D. $25,830 ww