The College Book Store Had Sales of $285,300 in the Month

Multiple Choice

The College Book Store had sales of $285,300 in the month of October. Use the retail method to estimate the value of the inventory as of October 31 given the following financial information: (Round cost ratio to four decimal places) $\begin{array}{c}\begin{array}{lll}\text { October 1 to October 31}\\\text { Beginning Inventory}\\\text { Net Purchases (October) }\\\text { Goods Available for Sale}\\\end{array}\begin{array}{lll}\text { COST } & \text { RETAIL } \\\hline \$ 221,708 & \$ 331,800 \\183,771 & 271,100 \\\hline \$ 405,479 &\end{array}\end{array}$

A) $305,479.11
B) $217,600.31
C) $302,900.25
D) $213,586.00