The Following Information Relates to 2013 Using the Retail Inventory Method and LCM (Based on the |

The following information relates to 2013: $$\begin{array} { | l | r| r| } \hline & \text { Cost } & \text { Retail } \\\hline \text { Beginning inventory } & \$ 29,000 & \$ 45,000 \\\hline \text { Purchases } & 140,000 & 190,000 \\\hline \text { Purchases discounts taken } & 3,000 & \\\hline \text { Purchases returns } & 5,000 & 8,000 \\\hline \text { Freight-in } & 20,000 & \\\hline \text { Net mark-ups } & & 40,000 \\\hline \text { Net markdowns } & & 12,000 \\\hline \text { Sales } & & 190,000 \\\hline \text { Employee discounts } & & 3,000 \\\hline\end{array}$$ Using the retail inventory method and LCM (based on the average cost flow assumption) ,what is the value of the ending inventory? When performing your calculations,round your cost ratios to one decimal point.

A) $44,888
B) $44,020
C) $42,036
D) $41,614