Maine Couses the Retail Inventory Method to Estimate Its Inventory for for Interim

Multiple Choice

Maine Co.uses the retail inventory method to estimate its inventory for interim statement purposes.Data relating to the calculation of the inventory at July 31, 2017, are as follows: Under the lower of average cost and market method, Maine's estimated inventory at July 31, 2017, is

A) $85,000.
B) $119,000.
C) $133,000.
D) $136,000.