The following data concerning the retail inventory method are taken from the financial records of Max Company.

		Cost		Retail
Beginning inventory		$ 192000		$ 283000
Purchases		905000		1160000
Freight-in		23800
Net markups				81000
Net markdowns				55200
Sales				1294000

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

1. $142392.

2. $118592.

3. $132788.

4. $139961.