At Year-End, the Big Chill Shop Has a Freezer on Hand

At year-end, The Big Chill Shop has a freezer on hand that has been used as a demonstration model. The freezer cost $1,170 and sells for $2,250 when new. In its present condition, the freezer will be sold for $1,140.
Related selling costs are an estimated $60. At what amount should the freezer be carried in inventory?

A) $1,125
B) $1,140
C) $1,080
D) $1,200