Brady Inc.reported FIFO ending inventory of $114,000 and FIFO beginning inventory of $110,000 for 2018.Inventory purchases for 2018 were $237,500 and the change in the LIFO reserve for 2017 was an increase in the LIFO reserve of $675. Calculate the value of COGS LIFO for Brady Inc. in 2018 (Assume that there are no inventory write-downs).

$234,175

$232,825

$234,575

$236,900

$237,500