Johnson Corp. uses dollar-value LIFO method of computing its inventory cost. Data for the past three years is as follows:

Year ended Inventory at Price December 31 End-of-year Prices Index 2013 $250,000 1.00 2014 480,000 1.10 2015 560,000 1.25

What is the 2015 inventory balance using dollar-value LIFO?

Select one:

A. $448,000

B. $469,545

C. $560,000

D. $700,000