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

The following information relates to 2013: $\begin{array} { | l | l | l | } \hline & \text { Cost } & \text { Retail } \\\hline \text { Beginning inventory } & \$ 29,000 & \$ 45,000 \\\hline \text { Purchases } & 140,000 & 190,000 \\\hline \text { Purchases discounts taken } & 3,000 & \\\hline \text { Purchases returns } & 5,000 & 8,000 \\\hline \text { Freight-in } & 20,000 & \\\hline \text { Net mark-ups } & & 40,000 \\\hline \text { Net markdowns } & & 12,000 \\\hline \text { Sales } & & 190,000 \\\hline \text { Employee discounts } & & 3,000 \\\hline\end{array}$
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