Don's Dairy Had Sales of $275,000 in the Month of March

Multiple Choice

Don's Dairy had sales of $275,000 in the month of March. Use the retail method to estimate the value of the inventory as of March 31 given the following financial information: (Round cost ratio to four decimal places) $\begin{array}{c}\begin{array}{lll}\text { { March } 1 \text { to March } 31 }\\\text { Beginning Inventory}\\\text { Net Purchases (March ) }\\\text { Goods Available for Sale}\\\end{array}\begin{array}{lll}\text { COST } & \text { RETAIL } \\\hline \$ 220,380 & \$ 291,800 \\183,771 & 272,200 \\\hline \$ 462,080 &\end{array}\end{array}$

A) $226,000.00
B) $236,777.70
C) $302,900.00
D) $239,631.00