Beginning inventory was ($ 35,000), purchases were ($ 146,000), and sales totaled ($ 240,000). With a normal

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Beginning inventory was $\$ 35,000$, purchases were $\$ 146,000$, and sales totaled $\$ 240,000$. With a normal gross margin rate of 35 percent, how much is ending inventory: (p.386)

a. $\$ 25,000$

b. $\$ 35,000$

c. $\$ 97,000$

d. $\$ 181,000$

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