19. Macy's had an initial inventory of goods worth $40,000 at cost and $50,000 at retail. During the year, they purchased goods for $100,000 and marked it up 50% for retail. At the end of the year, the total value of goods at Retail was $60,000. What is Macy's cost of goods sold using the retail inventory method? a $98,000 $93,000 e) none of these values $80,000 d b. $100,000