Garrison Company uses the retail method of inventory costing. It started the year with an inventory that had a retail cost of $32,027.00. During the year, Garrison purchased an inventory with a retail sales value of $773,623.00. After performing a physical inventory, Garrison found the inventory at retail to be $57,484.00. The markup is 100% of cost. Determine the ending inventory at its estimated cost.

a. $3,285.00

b. $57,484.00

c. $374,083.00

d. $28,742.00