Company X discloses that its LIFO reserve was $625,000 at the end of the previous year and $675,000 at the end of the current year. For the current year, beginning inventory was $2,350,000 and ending inventory was $2,525,000. The firm's tax rate is 30%. What would Company X ending inventory have been using FIFO?

a. 2,997,500

b. 3,200,000

c. 3,997,500

d. 2,575,000