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

		Cost		Retail
Inventory, 1/1/20		$ 289000		$427000
Net purchases		1204000		1756000
Net markups				211000
Net markdowns				97000
Net sales				1660000

Assuming stable prices (no change in the price index during 2020), what is the cost of Carla Vista's inventory at December 31, 2020? (Hint: Round intermediate calculation to 2 decimal places, e.g. 0.63 and final answer to 0 decimal places.)

$410800.

$423400.

$407680.

$417100.