Gordon Company uses the retail method of inventory costing. The retail value of the ending inventory

is $$325,000.$ If the ratio of cost to retail price is $66\%,$ what is the amount of the ending inventory to be

reported on the financial statements?

a$.$ $$110,500$

b$.$ $$107,250$

c$.$ $$214,500$

d$.$ $$325,000$