Use the following information to answer the next two questions: Gross Corporation adopted the dollar-value LIFO method of inventory valuation on December 31, 2013. Its inventory at that date was $550,000 and the relevant price index was 200. Gross Corporation uses periodic inventory method and net purchases were $6,000,000 during 2014. Information regarding inventory at the end of the year 2014 is as follows: Inventory at Current Prices $642,000 Current Price Index 214 Date December 31, 2014 What is the cost of the ending inventory at December 31, 2014 under dollar-value LIFO? A. $600,000 B. $642,000 C. $603,500 D. $588,500 What is the cost of goods sold for 2014 under dollar-value LIFO? A. $5,950,000 B. $5,908,000 C. $5,946,500 D. $5,961,500