Calstone, Inc. uses the conventional retail inventory method. Expressed in millions of dollars, information about Calstone's 2021 inventory account is expressed in the table below:

	Cost				Retail
Beginning inventory	$	105			$	190
Purchases		1,260				2,670
Freight-in		80
Purchase returns		95				215
Net markups						405
Net markdowns						200
Normal spoilage						110
Net sales						2,440

What is the cost of Calstone's inventory at 12/31/2021? (Round your cost-to-retail percentage calculation to 2 decimal places and final answer to the nearest whole dollar.)

Multiple Choice

• $402 million.

• $300 million.

• None of these answer choices are correct.

• $133 million.