Use the information below to answer questions 23 and 24.

Beginning inventory............N?

Purchases......................N?

Ending inventory...............N4,800

Sales..........................N12,800

Wages..........................N1,040

Gross profit...................N5,900

The beginning inventory was estimated at 80% of sales.

Determine the amount for the beginning inventory?

• A N20,140
• B N10,240
• C N8,140
• D N7,240