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 Beginning inventory $32,000 $69,000 Net purchases 201,000 151,000 Net markups 30,000 Net markdowns 35,000 220,000 Net sales To the nearest thousand, estimated ending inventory using the conventional retail method is (Do not round intermediate calculations): Multiple Choice $27.000. $40.000. $28,000. $12.000