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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

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 $43,000 $67,000
Net purchases 152,000 211,000
Net markups 22,000
Net markdowns 38,000
Net sales 222,000

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

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