Delta Merchandising, Inc., has provided the following information for the year just ended:

Net sales

$128,500

Beginning inventory

$24,000

Purchases

$80,000

Gross margin

$38,550

What was the ending inventory for the company at year-end?

Select one:

a. $9,950.

b. $14,050.

c. $65,450.

d. $24,500.