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What is the estimated value of the ending inventory

Problem: Kim's Sales Company uses the retail inventory method to value its merchandise inventory. The following information is available for the current year.

COST RETAIL

Beginning inventory $ 30,000.00 $ 50,000.00
Purchases 145,000.00 200,000.00
Freight-in 2,500.00
Net Markups 8,500.00
Net Markdowns 10,000.00
Employee discounts 1,000.00
Sales 205,000.00

What is the estimated value of the ending inventory?

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