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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? Cost Retail May

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

		Cost	Retail
May 1	Inventory	$24,740	$41,230
May 1-31	Purchases	37,900	65,220
May 1-31	Sales		92,730

Do not round intermediate calculations. Round your final answer to the nearest whole dollar.

a.$30,090

b.$11,660

c.$19,733

d.$8,073

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