Blossom Company, which uses the retail LIFO method to determine inventory cost, has provided the following information for 2020:

		Cost		Retail
Inventory, 1/1/20		$ 292000		$430000
Net purchases		1234000		1786000
Net markups				214000
Net markdowns				100000
Net sales				1690000

Assuming that the price index was 105 at December 31, 2020 and 100 at January 1, 2020, what is the cost of Blossom's inventory at December 31, 2020 under the dollar-value-LIFO retail method? (Hint: Round intermediate calculation to 2 decimal places, e.g. 0.63 and final answer to 0 decimal places.)

$609524.

$408691.

$414525.

$480500.