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Business, 02.07.2020 02:01 taishaun

On the basis of the following data, what is the estimated cost of the inventory on May 31 using the retail method? Cost Retail May 01 Inventory $24,440 $40,740 May 01-31 Purchases (net) $42,030 $60,030 May 01-31 Sales (net) $92,390 Do not round intermediate calculations. Round your final answer to the nearest whole dollar. Select the correct answer. $25,920 $18,400 $23,928 $5,528

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