he following information is available for M&R Company for 2020.

	Cost	Selling Price
Beg Inv 1/1/2020	80,000	130,000
Purchases	100,000	140,000
Sales		200,000

1- Ending Inventory at retail, is abcd a- 80,000 b- 60,000 c- 70,000 d- 200,000

2- Cost to retail Ratio, is: abcd a- 74% b- 90% c- 67% d- none of the choices

3- Estimated of ending inventory at cost, is: abcd a- 46,900 b- 53,600 c- 63,000 d- 56,800