A company reported the following information regarding its inventory: Beginning inventory: cost of $63,000;retail of $140,000
Net purchases: cost $42,000;retail $84,000
Sales at retail: $160,000
The year end inventory showed $64,000 worth of merchandise available at retail prices.What is the cost of the ending inventory?
A) $40,000.
B) $32,000.
C) $30,000.
D) $28,800.