Calculator Kelcie Sports uses the dollar-value LIFO retail method. The price index on January 1, 2016, was 100, and on that date t inventory was $20,000 (retail) and $14,000 (cost). Additional information follows: Purchases, retail Purchases, cost Sales Price index, Dec. 31. 2016 $160,000 115,200 160,416 102 2017 $204,000 150,960 202,160 103 What is the cost of the December 31, 2017, inventory (to the nearest dollar)? O$14,638 o$14,610 O$14,660 o$15,854