Ripley's Magic Emporium sells costumes and other unique items. The company uses Retail Inventory Method, Conventional approach. They have the following information at the end of 2020 Net Sales $440,000, normal profit margin 15%, net purchases at cost $380,000. net purchases at retail $437.000, beginning inventory at cost $179,000, beginning inventory at retail $205,850, net markdowns $16,000. What is estimated ending inventory at cost? a. $186,850.00 Ob. $166,296.50 Oc $162,559.50 Od. $396,440.50