At December 31, 2017, the following information was available from Pharoah Co.'s accounting records: Cost Retail Inventory, 1/1/17 $ 139000 $ 195000 Purchases 633000 955000 Additional markups 34000 Available for sale $772000 $1184000 Sales for the year totaled $1050000. Markdowns amounted to $9200. Under the lower-of-cost-or-market method, Pharoah's inventory at December 31, 2017 was (Hint: Round intermediate calculation to 2 decimal places, e.g. 0.63 and final answer to 0 decimal places.) $81120. $267800. $93080. $87100.