Lisa Fashions Has Just Completed Its Annual Physical Inventory Count

Multiple Choice

Lisa Fashions has just completed its annual physical inventory count.The ending inventory was obtained by adding up all the retail price tags for the goods on hand.Determine ending inventory at cost. $$\begin{array} { l c c } & \text { Cost } & \text { Retail } \\\text { Beginning Inventory } & \$ 9,000 & \$ 14,000 \\\text { Purchases } & 135000 & 226,000 \\\text { Goods Available for Sale } & \$ 144,000 & \$ 240,000 \\\text { Sales } & & 210,000\end{array}$$

A) $19 286
B) $17 920
C) $18 000
D) $12 000