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Lola's corner store experienced a loss of its inventory due to a fire on July 15. The July 1 inventory had a cost of $80000 and a retail value of $115000. During July - merchandise was purchased for $65000 and was marked to sell for $100000. Sales through July 14 were $150000. Using the retail method - the value of the inventory as of July 14 is

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Lola's corner store experienced a loss of its inventory due to a fire on July 15. The July 1 inventory had a cost of $80000 and a retail value of $115000. During July - merchandise was purchased for $65000 and was marked to sell for $100000. Sales through July 14 were $150000. Using the retail method - the value of the inventory as of July 14 is






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