Solve the problem. Round to the nearest dollar unless otherwise stated.The August 31 inventory at Kitchen Collection was $42,560 at cost and $60,800 at retail. Purchases during the next four months were $59,420 at cost and $84,900 at retail. After August 31, net sales were $96,500. Use the retail method to estimate the value of the inventory at cost on December 31.

A. $492
B. $5490
C. $34,440
D. $101,990


Answer: C

Mathematics

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A.

B.

C.

D.

Mathematics