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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? Retail Cost $38,100

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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? Retail Cost $38,100 $22,860 May 01 Inventory $63,880 $43,270 Purchases (net) May 01-31 $94,810 Sales (net) May 01-31 Do not round intermediate calculations. Round your final answer to the nearest whole dollar Select the correct answer. $28,680 $15,410 $20,059 $4,649

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