The Burrito Corporation uses the conventional retail method to estimate ending inventory. Cost data for the quarter ended March $31,20$x$2$ is shown below:

Cost Retail

Beginning inventory $ $48,000$ $ $63,000$

Net purchases $153,000215,000$

Net markups $22,000$

Net markdowns $35,000$

Net sales $221,000$

Calculate Burrito's estimated ending inventory at March $31,20$x$2,$ to the nearest thousand, using the conventional retail method. $($Do not round intermediate calculations.$)$The Burrito Corporation uses the conventional retail method to estimate ending inventory. Cost data for the quarter

ended March $31,202$ is shown below:

Calculate Burrito's estimated ending inventory at March $31,202,$ to the nearest thousand, using the conventional

retail method. $($Do not round intermediate calculations.$)$

Multiple Choice

$$31,000.$

$$35,000.$

$$29,480.$

$$37,000.$