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 01	Inventory	$24,790	$41,320
May 01-31	Purchases (net)	$39,100	$71,000
May 01-31	Sales (net)		$92,570

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

Select the correct answer.

$28,680

$13,910

$25,144

$11,234