A company reports the following information regarding its inventory.Beginning inventory: cost is $80,000; retail is $130,000Net purchases: cost is $65,000; retail is $120,000Sales at retail: $145,000The year-end inventory shows $105,000 worth of merchandise available at retail prices. What is the cost of the ending inventory calculated using the retail inventory method?
A. $60,900.
B. $135,000.
C. $72,900.
D. $105,000.
E. $73,125.
Answer: A
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