Carr CoAdopted the Dollar-Value LIFO Inventory Method on December 31, 2007

Multiple Choice

Carr Co.adopted the dollar-value LIFO inventory method on December 31, 2007.Carr's entire inventory constitutes a single pool.On December 31, 2007, the inventory was $320,000 under the dollar-value LIFO method.Inventory data for 2008 are as follows: 12/31/08 inventory at year-end prices $440,000
Relevant price index at year end (base year 2007) 110
Using dollar value LIFO, Carr's inventory at December 31, 2008 is

A) $352,000.
B) $408,000.
C) $400,000.
D) $440,000.