The following information for 2019 is awalable for Marine Company: 1. The beginning inventory is $93,000. 2. Purchoses returns of $2,000 were made. 3. Purchases of $281,000 were made on terms of 3/10,n/30. Eighty percent of the discounts were taken- 4. At December 31, purchaster of $19,000 were in transh, FOB destination, on terms of 3/10,r/30. 5. The comparry made sales of $640,000, The grots selling price per unit is twice the net cost of each unit fold. 5. Sales allowances of $3,000 were mode. 7. The compsny uses the LIFO periodic methocl and the gross method for purchase discounts. Required: 1. Compute the cost of the ending inventory before the physical inventory is taken, Ignote Soles allowances in your compututions