Willie Nelson's Boots uses the conventional retail method to estimate ending inventory. Cost data for the most recent quarter is shown below: Cost Retail $32,000 $69,000 151,000 Beginning inventory Net purchases Net markups Net markdowns Net sales 201,000 30,000 35,000 220,000 To the nearest thousand, estimated ending inventory using the conventional retail method is (Do not round intermediate calculations): Multiple Choice $40,000. $28,000. $27.000