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The following information is available for the past month for a retail store: Sales Markups Markdowns Purchases (at cost) Purchases (at retail) Beginning inventory

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The following information is available for the past month for a retail store: Sales Markups Markdowns Purchases (at cost) Purchases (at retail) Beginning inventory (at cost) $87,000 $9,000 $10,000 $38,800 $107,000 $30,000 Beginning inventory (at retail) $46,208 What is the ending inventory at cost using the conventional retail method? (Round cost-to-retail ratios to four decimal places.) A. $65,208 B. $27,655 C. $162,208 OD. $77,000

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