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18. Drake Co. had the following inventory information, all at retail value: Beginning inventory 3,600Purchases120,000Purchase returns 6,000Normal shortage 400Abnormal shortage 600Net markdowns 2,800Sales72,000Sales returns 4,800

18. Drake Co. had the following inventory information, all at retail value:

Beginning inventory 3,600Purchases120,000Purchase returns 6,000Normal shortage 400Abnormal shortage 600Net markdowns 2,800Sales72,000Sales returns 4,800 Net Markups 7,800

What is Drake's ending inventory at retail?

A. 55,000.B. 55,400.C. 57,600.D. 54,400.

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