Bond Company adopted the dollar-value LIFO inventory method on January 1, 2021. In applying the LIFO method, Bond uses internal cost indexes and the multiple-pools approach. The following data were available for Inventory Pool No. 3 for the two years following the adoption of LIFO:

	Ending Inventory
Year	At Year-End				At Base Year Cost				Cost Index
1/1/2021	$	309,500			$	309,500				1.00
12/31/2021		347,150				327,500				1.06
12/31/2022		437,720				353,000				1.24

Under the dollar-value LIFO method, the inventory at December 31, 2022, should be

Multiple Choice

• $360,200.

• $353,000.

• $354,080.

• None of these answer choices are correct.