On January 1, 2021, Veolia Environment adopted the dollar-value LIFO method. The inventory cost on this date was $101,800. The ending inventory, valued at year-end costs, and the relative cost index for each of the next three years is below:

Year-end	Ending inventory at year-end costs				Cost Index
2021	$	131,670				1.05
2022		150,920				1.10
2023		161,160				1.20

What inventory balance should Veolia Environment report on its 12/31/2021 balance sheet?

Multiple Choice

• $101,800

• $131,400

• $125,400

• $126,580