on jan 1 willard company had 3 0 2 5 8 0 of beginning inventory at cost . in the first quarter of the year it purchased 1 7 7 0 0 0 0 of merchandize returned 8 6 8 3 6 0 and paid freight charges of 3 9 4 0 0 on purchase merchandize terms FOB shipping point. the companys gross prodit averages 3 4 % and the store had 1 2 1 1 1 6 0 of sales and 8 4 1 0 of sales returns in the first quarter of the year. use th gross profit method to estimate its cost inventoyr at the end of the first quarter? 8 3 4 6 9 5 , 1 2 7 8 7 6 5 , 4 4 4 2 5 4 , 4 4 9 8 0 5 , or 8 3 1 8 2 6