Dolan Corporation adopted the dollar-value LIFO method of inventory valuation on December 31, 2002. Its inventory at that date was $420,000 and the relevant price index was 100. Information regarding inventory for subsequent years is as follows: Date Inventory at Current Prices December 31, 2003 $535,000 December 31, 2004 580,000 December 31, 2005 676,000 Current Price Index 107 125 130 What is the cost of the ending inventory at December 31, 2003 under dollar-value LIFO? a. $500,000. b. $535,000. c. $505,600. d. $449,400.