Oriole, 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:

Oriole, 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: $541000 Inventory, March 1 Purchases 421000 11000 Purchase returns 723000 Sales during March The estimate of the cost of inventory at March 31 would be O $383600. O $228000. O $372600. O $239000