Maine Co Uses the Retail Inventory Method to Estimate Its Inventory

Maine Co. uses the retail inventory method to estimate its inventory for interim statement purposes. Data relating to the calculation of the inventory at July 31, 2020, are as follows: $$\begin{array} { l l l } & \text { Cost } & \text { Retail } \\\text { Inventory, July } 1 / 20 &\$200,000 &\$360,000\\\text { Purchases } & 1,200,000 & 1,575,000 \\\text { Markups, net } & & 175,000 \\\text { Sales } & & 1,700,000 \\\text { Estimated normal shoplifting losses } & & 20,000 \\\text { Markdowns, net } & & 110,000\end{array}$$ Maine's estimated inventory at July 31, 2020, using the retail method is

A) $210,000.
B) $196,000.
C) $197,980.
D) $185,782.