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What the estimate of the cost of inventory at march would be

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Kesler, Inc. estimates the cost of its physical inventory at March 31 for use in an interim financial statement. The rate of markup on cost is 25%. The following account balances are available:

Inventory, March 1 P220,000

Purchases P172,000

Purchases Returns P 8,000

Sales during March P300,000

Question 1: The estimate of the cost of inventory at March 31 would be

Select one:

a. 144,000.

b. 159,000.

c. 112,000.

d. 84,000.

Reference no: EM132569960

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