Soriano Company had net sales of $300,000 for the month (after returns and allowances of $1,500 and sales discounts of $3,250). Beginning inventory for the month was $60,000; purchases for the month were $175,000; and gross profit was 43%.

What was the ending inventory for the month?

Select one:

a. $60,000

b. $64,000

c. $129,000

d. $175,000