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On the basis of the following data, what is the estimated cost of the inventory on May 31 using the retail method? May 1 Cost

On the basis of the following data, what is the estimated cost of the inventory on May 31 using the retail method? May 1 Cost Retail Inventory $25,390 $42,310 May 1-31 Purchases 47,350 70,800 May 1-31 Sales 92,750 Do not round intermediate calculations. Round your final answer to the nearest whole dollar. Oa. $20,010 Ob. $28,470 Oc. $41,563 Od. $13,093

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