Haley's Florist Shop Has the Following Account Balances at the End

Multiple Choice

Haley's Florist Shop has the following account balances at the end of the current accounting period. $$\begin{array} { | l | r |} \hline \text { Beginning inventory } & \$ 53,500 \\\hline \text { Net purchases } & 75,500 \\\hline \text { Net sales revenue } & 93,700 \\\hline\end{array}$$ A normal gross profit percent is 30%.What is the estimated ending inventory as determined by the gross profit method?

A) $100,890
B) $28,110
C) $63,410
D) $65,590