please help

On March 31 a company needed to estimate its ending inventory to prepare its first quarter financial statements. The following information is available: Beginning inventory, January 1: $5,700 Net sales: $57,000 Net purchases: $58,000 The company's gross margin ratio is 15%. Using the gross profit method, the cost of goods sold would be: Multiple Choice $5.700 O $48,450 O $36.050 O $6,700 $30.350