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

On January 1,2024, the Coldstone Corporation adopted the dollar-value LIFO retail inventory method. Beginning inventory at cost and at retail were $180,000 and $282,000, respectively. Net purchases during the year at cost and at retail were $604,500 and $920,000, respectively. Markups during the year were $10,000. There were no markdowns. Net sales for 2024 were $900,000. The retail price index at the end of 2024 was 1.04. What is the inventory balance that Coldstone would report in its 12/31/2024 balance sheet?
Multiple Choice
$202,800
$312,000
$192,168
$195,000

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