Question: 1 1 . On January 1 , 2 0 2 4 , the Coldstone Corporation adopted the dollar - value LIFO retail inventory method. Beginning

11.On January 1,2024, the Coldstone Corporation adopted the dollar-value LIFO retail inventory method. Beginning inventory at cost and at retail were $120,000 and $256,200, respectively. Net purchases during the year at cost and at retail were $738,400 and $912,000, respectively. Markups during the year were $11,000. There were no markdowns. Net sales for 2024 were $877,850. The retail price index at the end of 2024 was 1.05. What is the inventory balance that Coldstone would report in its 12/31/2024 balance sheet?
Note: Do not round intermediate calculations.
Multiple Choice
$229,600
$301,350
$145,872
$241,080

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