Solve the Problem. -The August 31 Inventory at Kitchen Collection Was $43,120 at Was

Multiple Choice

Solve the problem.
-The August 31 inventory at Kitchen Collection was $43,120 at cost and $61,600 at retail. Purchases during the next four months were $50,460 at cost and $72,100 at retail. After August 31, net sales were $91,800. Use the retail method to estimate the value of the inventory at cost on December 31.

A) $29,330
B) $93,590
C) $1,790
D) $419