The following data concerning the retail inventory method are taken from the financial records of Welch Company. Cost Retail Beginning inventory $ 196,000 $ 280,000 Purchases 896,000 1.280.000 Freight-in 24.000 Net markups 80,000 Net markdowns 56,000 Sales 1,344,000 Assuming no change in the price level if the LIFO inventory method were used in conjunction with the data, the ending inventory at cost would be A. $172,600. B. $163,400. C. $170,800. D. $168,000