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Bella's Berries had a fire on August 20 and used the gross profit method of inventory valuation. The net sales until the fire were $99800 and cost of goods sold was $62300. The value of the inventory on August 1 was $75000 with purchases of $38200 during August. Which of the following is the inventory cost?

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Bella's Berries had a fire on August 20 and used the gross profit method of inventory valuation. The net sales until the fire were $99800 and cost of goods sold was $62300. The value of the inventory on August 1 was $75000 with purchases of $38200 during August. Which of the following is the inventory cost?






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