walmart uses the retail inventory method the following information is available for the current year.

beginning inventory 78000(cost) 122,000 (retail)

purchases 295000 (c) 415000(r)

freight-in 5000 (c) no retail

employee discount: no cost. 2000(r)

net markups: no cost 15000(retail)

net markdowns: no cost 20000 retail

sales: no cost. 390,000 sales

Under the lower-of-cost-or market retail inventory method (conventional retail inventory method) the cost of the ending inventory is (round cost-to-retail ratio to three decimal):

a. 95900

b. 102480

c. 98000

d. 94920