Question: . In 2021, Lamar's Retail Store changes its inventory method from FIFO to LIFO. Lamar's uses the simplified LIFO method. Lamar's year-end inventory under FIFO

. In 2021, Lamar's Retail Store changes its inventory method from FIFO to LIFO. Lamar's uses the simplified LIFO method. Lamar's year-end inventory under FIFO is as follows: 2020 - $350,000; 2021 - $400,000. The 2020 price index is 105% and the 2021 index is 112%. The 2021 layer is (rounded)

A) $19,097.

B) $20,833.

C) $26,667.

D) $50,000.

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