The Skone Corporation uses LIFO to prepare its financial statements. The cost of goods sold is 197,500 in 2023. From the notes to financial statement, we also know that "The aggregate replacement cost of inventories was estimated to exceed their LIFO carrying values by $25,000 on and $20,000 at December 31, 2023, and 2022, respectively." The cost of goods sold under FIFO in 2023 should be: