On January 1, 2018, the Coldstone Corporation adopted the dollar-value LIFO retail inventory method. Beginning inventory at cost and at retail were $120,000 and $275,100 respectively. Net purchases during the year at cost and at retail were $702,400 and $870,000, respectively. Markups during the year were $8,000. There were no markdowns. Net sales for 2018 were $846,500. The retail price index at the end of 2018 was 1.05. What is the inventory balance that Coldstone would report in its 12/31/18 balance sheet?

Answers a) 245,280 b) 233,600 c) 134,196 d) 306,600