Question 10 Phair Co. a specialty clothing store uses the retail inventory method. The following relates to 2020 operations: nventory, January 1, 2020 at cost $16.200 Inventory January 1, 2020 at sales make 22,100 Purchases in 2000 at cost 12,600 Purchases in 2020 at sales price 30.000 50,000 What is the cost of the December 31, 2020 inventory determined by the conventional retail method O $12.100 O 16,743 $48.800 $8.190