The State University bookstore had 1,100 accounting textbooks with a cost of $97.00 each on hand at the year-end. The supplier price list indicated that the cost to purchase the books had increased to $103 each as of December 31. A week later, the unit book cost dropped to $101. The books will be sold for $155 to students. At what value should the books appear in the bookstore's inventory on December 31?

	A.	$113,300
	B.	$106,700
	C.	$111,100
	D.	$170,500