The Jensen Store Has the Following Data for Inventory The Store Uses the Dollar-Value LIFO Retail Method

Multiple Choice

The Jensen Store has the following data for inventory: $$\begin{array} { | l | r | r | } \hline & \text { Cost } & \text { Retail } \\\hline \text { Inventory, January 1 } & \$ 230,000 & \$ 350,000 \\\hline \text { Purchases for January } & 370,000 & 480,000 \\\hline \text { Sales for January } & & 430,000 \\\hline\end{array}$$
The store uses the dollar-value LIFO retail method. The price index for the year is 1.08. The price index that pertains to the beginning inventory is 1.00. What is the retail value of the ending inventory at January 31?

A) $400,000
B) $600,000
C) $910,000
D) $830,000