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

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.

Correct Answer:

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