The Siempre Store Has the Following Data for Inventory The Store Uses the LIFO Retail Method

Multiple Choice

The Siempre Store has the following data for inventory: $$\begin{array} { | l | r | r | } \hline & \text { Cost } & \text { Retail } \\\hline \text { Inventory, March 1 } & \$ 220,000 & \$ 340,000 \\\hline \text { Purchases for March } & 370,000 & 1,000,000 \\\hline \text { Sales for March } & & 500,000 \\\hline\end{array}$$
The store uses the LIFO retail method. Round all ratios to four decimal places. What is the cost of the ending inventory at March 31? (Round your final answer to the nearest dollar.)

A) $500,000
B) $840,000
C) $185,000
D) $405,000