5. At December 31, 2012, the following information was available from Kohl Co.'s accounting records: Cost Retail Inventory, 1/1/12 $147,000 $203,000 Purchases 833,000 1,155,000 Additional markups 42,000 Available for sale $980,000 $1,400,000Sales for the year totaled $1,150,000. Markdowns amounted to $10,000. Under the lower-of-cost-or-market method, Kohl's inventory at December 31, 2012 was A) $175,000. B) $182,000. C) $294,000. D) $168,000