Rudolph's Hunting Supply Shop reports the following information related to inventory:

                                                   Cost                    Retail

• Beginning inventory    $ 35,000             $ 92,000
• Purchases                        75,000             200,000   

Other information:  Net sales $178,000; Net additional markups $15,000; Net markdowns 22,000,

Calculate Rudolph's ending inventory using the retail inventory method under the lower of average cost or market assumption.  Round the cost-to-retail ratio to three decimal places.

Question options:

a)

38,306

b)

41,623

c)

40,495

d)

41,302