At December 31, 2008, the Following Information Was Available from Goff

Multiple Choice

At December 31, 2008, the following information was available from Goff Co.'s accounting records:
Sales for the year totaled $1,050,000. Markdowns amounted to $ 10,000. Under the lower-of-cost-or-market method, Goff's inventory at December 31, 2008 was

A) $294,000.
B) $245,000.
C) $252,000.
D) $238,000.