Question: Superior Cabinets uses the retail method to estimate inventories. Data for the first six months of 2 0 1 9 include: beginning inventory at cost

Superior Cabinets uses the retail method to estimate inventories. Data for the first six months of 2019 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 30,2019, would be:Group of answer choices$362,300.$360,000.$330,000.None of the above is correct.

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