The January 28, 2017 (fiscal year 2016) financial statements of Caleres, Inc. reported the following information (in thousands). The company currently use LIFO method of inventory costing.

	2016	2015
Cost of sales	$1,517,397	$1,529,527
Inventories, net	585,764	546,745
LIFO reserve	4,345	4,094

If Caleres had used the FIFO method of inventory costing, 2016 inventory would have been:

		$506,852 million
		$590,109 million
		$504,752 million
		$581,419 million