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On the basis of the following data, what is the estimated cost of the merchandise inventory on May 31 using the retail Cost Retail May

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On the basis of the following data, what is the estimated cost of the merchandise inventory on May 31 using the retail Cost Retail May 1 May 1-31 May 1-31 Merchandise Inventory Purchases Sales $40,900 $68,166 61,349 $94,134 $142,800 a. $40,551 Ob. $12,285 Oc. $19,50o Od. $11,700

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