Best Price Retailers Had Sales of $497,100 in the Month $\begin{array}{llcc} \text { Sticker Price Retailer's } & \\ \text {Financial Highlights } &\\ \text {Januare 1 - January 31 } &\\\end{array}$

Multiple Choice

Best Price Retailers had sales of $497,100 in the month of January. Use the retail method to estimate the value of the inventory as of January 31 given the following financial information: (Round cost ratio to four decimal places) $\begin{array}{llcc} \text { Sticker Price Retailer's } & \\ \text {Financial Highlights } &\\ \text {Januare 1 - January 31 } &\\\end{array}$
$\begin{array}{|lll|} \hline & \text { Cost } & \text { Retail } \\\hline \text { Beginning Inventory } & \$ 229,276 & \$ 315,500 \\\text { Net Purchases (January) } & 362,161 & 451,800 \\\text { Total avalable for sale } & & \\\hline\end{array}$

A) $146,790.22
B) $208,270.16
C) $259,382.69
D) $307,510.33