The following information is available for the past month for a retail store: Sales Markups Markdowns Purchases (at cost) Purchases (at retail) Beginning inventory (at cost) Beginning inventory (at retail) $110,000 $10,000 $8,000 $38,800 $107,000 $37,000 $49.000 What is the ending inventory at cost using the basic retail method? (Round cost-to-retail ratios to four decimal places.) O A. $24,974 OB. $23,026 O C. $48,000 OD. $12,000