Question: On January 1, 2021, the Coldstone Corporation adopted the dollar-value LIFO retail inventory method. Beginning inventory at cost and at retail were $100,000 and $255,150,

On January 1, 2021, the Coldstone Corporation adopted the dollar-value LIFO retail inventory method. Beginning inventory at cost and at retail were $100,000

and $255,150, respectively. Net purchases during the year at cost and at

retail were $764,800 and $945,000, respectively. Markups during the year were $11,000.

On January 1, 2021, the Coldstone Corporation adopted the dollar-value LIFO retail inventory method. Beginning inventory at cost and at retail were $100,000 and $255,150, respectively. Net purchases during the year at cost and at retail were $764,800 and $945,000, respectively. Markups during the year were $11,000. There were no markdowns. Net sales for 2021 were $903,500. The retail price index at the end of 2021 was 1.05. What is the inventory balance that Coldstone would report in its 12/31/2021 balance sheet? (Do not round intermediate calculations.) Multiple Choice O O O O $234,400. $307,650. $131,794. $246,120

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