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Busline Company has provided the following information for 2019: Cost Retail Inventory, 1/1/17 $ 182,000 $120,000 Net purchases 1,134,000 1,686,000 Net markups 204,000 Net markdowns

Busline Company has provided the following information for 2019: Cost Retail Inventory, 1/1/17 $ 182,000 $120,000 Net purchases 1,134,000 1,686,000 Net markups 204,000 Net markdowns 90,000 Net sales 1,590,000 Assuming that the price index was 105 at December 31, 2019 and 100 at January 1, 2019, what is the cost of Busline's inventory at December 31, 2019 under the dollar-value-LIFO retail method?

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