Willie Nelson's Boots uses the conventional retail method to estimate ending inventory. Cost data for the most recent quarter is shown below:

Harvey's Junk Jewelry started business January 1, 2021, and uses the LIFO retail method to estimate ending inventory. Listed below is data accumulated for the year ended December 31, 2021:

	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:

Multiple Choice

• $26,600.

• $25,000.

• $26,400.

• $27,300.

To the nearest thousand, estimated ending inventory using the conventional retail method is: (Do not round intermediate calculations.)

Multiple Choice

• $47,000.

• $34,000.

• $20,000.

• $32,000.