The following cost information is available for Neil Company: Beginning inventory Net purchases Net markups Net markdowns Net sales Cost $56,500 $164,800 A) $55,929 B) $56,245 C) $60,866 D) $73,635 Retail $74,800 $235,600 $26,800 $26,980 $225,000 If the company uses conventional retail method to estimate the ending inventory, determine the estimated ending inventory. 

Answer rating: 100% (QA)

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