Al's Sporting Goods uses the conventional retall inventory method. Expressed in millions of dollars, information about Al's 2024 inventory account is expressed in the table below: Cost Retail Beginning inventory $130 $240 Purchases 1,310 2,920 Freight-in 105 Purchase returns 120 265 Net markups 480 Net markdowns 250 Normal spoilage 135 Net sales 2,690 What is the cost of Al's inventory at 12/31/2024?

None of the other answer choices are correct $300 million 127 million 477 million