Northern Industries Had Sales of $428,000 in the Month of May

Multiple Choice

Northern Industries had sales of $428,000 in the month of May. Use the retail method to estimate the value of the inventory as of May 31 given the following financial information: (Round cost ratio to four decimal places) $\begin{array}{llcc} \text { Northern Industries } & \\ \text {Financial Highlights } &\\ \text {May 1-May 31 } &\\ \end{array}$
$\begin{array}{|lll|} \hline & \text { Cost } & \text { Retail } \\\hline \text { Beginning Inventory } & \$ 434,719& \$585,100\\\text { Net Purchases (January) } & 148,9211 & 170,900 \\\text { Total avalable for sale } & & \\\hline\end{array}$

A) $328,199
B) $230,435
C) $253,216
D) $456,812