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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

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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 1 Inventory $23,900 $39,840 May 1-31 Purchases 46,430 68,320 May 1-31 Sales 93,730 Do not round intermediate calculations. Round your final answer to the nearest whole dollar. Oa. $23,400 Ob. $23,500 Oc. $32,883 Od. $9,383

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