Hawkeye Auto Parts uses the average cost retail method to estimate inventories. Data for the first six months of 2018 include: beginning inventory at cost and retail were $55,000 and $100,000, net purchases at cost and retail were $785,000 and $1,300,000, and sales during the first six months totaled $800,000. The estimated inventory at June 30, 2018, would be:
A) $330,000.
B) $360,000.
C) $362,300.
D) None of these answer choices are correct.

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Hawkeye Auto Parts Uses the Average Cost Retail Method to Estimate