Stacie's Shoes uses the FIFO retail inventory method to determine its ending inventory. The accounting records for Stacie's Shoes contained the following information Cost $242,000 Purchases Sales Sales returns Beginning inventory Net markups Net markdowns Retail $348,830 394,000 5,076 107,294 32,800 12,000 60,500 The freight-in charges for the merchandise were $7,500. What is the cost of ending inventory for Stacie's Shoes? o $55,792 O$57,200 X$59,400 $61,281 Feedback Check My work Incorrect