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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 May 1

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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 May 1 May 1-31 May 1-31 Inventory Purchases Sales $24,720 36,290 Retail $41,200 75,170 91,740 Do not round intermediate calculations. Round your final answer to the nearest whole dollar a. $30,730 b. $9,940 c. $22,853 d. $12.913

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