Sacato Corporation started business January 1, 2020, and uses the LIFO retail method to estimate ending inventory. Listed below is data accumulated for the year ended December 31, 2020:

	Cost					Retail
Beginning inventory	$	15,000					$	23,000
Purchases		49,000						78,000
Freight-in		2,500
Purchase returns		1,700						2,600
Net markups								2,000
Net markdowns								4,100
Net sales								70,600
Employee discounts								700

The estimated ending inventory at retail is: