Lacy's Linen Mart uses the retail method to estimate inventories. Data for the first six months of 2019 include: beginning inven tory at cost and retail were $60,000 and $120,000, net purchases at cost and retail were $312,000 and $480,000, and sales dur ing the first six months totaled $490,000. The estimated inventory at June 30, 2019, would be: a. $68,200. b. $55,000. c. $71,500 d. $63,250. Hawkeye Auto Parts uses the retail method to estimate inventories. Data for the first six months of 2019 include: beginning inventory at cost and retail were $55,000 and $100,000, net purchases at cost and retail were $785,000 and $1,300,000, and sales during the first six months totaled $800,000. The estimated inventory at June 30, 2019, would be: a. $330,00o. b. $360,000. c. $362,300. d. None of these answer choices are correct