Given the information listed below for the fiscal year 2022, determine beginning inventory. A physical count indicated there was $36,000 of inventory on hand on December 31, 2022.
Sales $380,000 Freight-In $8,000 Purchase Returns & Allowances $10,000
Sales Returns $11,000 Freight-Out $10,000 Purchase Discounts $5,000
Purchases $294,000 Gross Profit $90,000 Sales Discounts $1,000