Jones Co Uses the Retail Inventory Method

Multiple Choice

Jones Co. uses the retail inventory method. Given the following data, what is the ending inventory at cost? Sales at retail $80,000, net purchases at cost $41,200, net purchases at retail $66,800, beginning inventory at cost $22,400, beginning inventory at retail $36,800. Round cost ratio to the nearest whole percent.

A) $23,600
B) $63,600
C) $14,936
D) $14,396
E) None of these