The following information for the month of April is available from the records of Ireland Department Store: Sales Purchases Freight-in Additional markups Markup cancellations Markdowns Markdown cancellations Inventory. April 1 At Cost At Retail $74,600 $48,810 80,000 2,000 4,300 800 6,600 200 8,400 12,000 Estimate the cost of the April 30 inventory using the Conventional Retail Inventory Method: Select one: a. $11,470 b. $8,700 c. $12,958 d. $8,990 e. $14,500