Chocolate Heaven Had the Following Data for November The Cost of the Estimated Inventory on November 30 Under

question 75

Multiple Choice

Chocolate Heaven had the following data for November: $\begin{array} { | l | r | r | } \hline & \text { Cost Price } & \text { Retail Price } \\\hline \text { Beginning inventory } & \$ 8,000 & \$ 13,000 \\\hline \text { Purchases } & 18,000 & 25,000 \\\hline \text { Sales } & & 30,000 \\\hline\end{array}$ The cost of the estimated inventory on November 30 under the retail method is:

• A)$5,440.
• B)$2,560.
• C)$8,160.
• D)$3,840.

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