Sporting Goods Galore Ltd At Cost,assuming FIFO,LCM? $_____________

Sporting Goods Galore Ltd.uses the retail method of inventory.Data for the year 2013 follows: $\begin{array}{lrr}&\text { At Cost } & \text { At Retail } \\ \text {Beginning inventory.}&\$19,840&\$30,000 \\ \text {Purchases (net). }&53,360&86,000\\ \text {Mark-ups (net). }& &6,000\\ \text {Markdowns (net). }&&(2,000) \\ \text {Goods available for sale. }&\$73,200&120,000 \\ \text {Net sales. }&&80,000 \\ \text {Ending inventory: }& \\ \text {At retail. }&&\$40,000 \\\end{array}$ At cost,assuming FIFO,LCM? $_____________.