Trip Corp Began Business in 2015

Multiple Choice

Trip Corp. began business in 2015. On December 31, 2015, Trip's single pool of inventory was valued at $300,000, using the dollar-value LIFO inventory method. On December 31, 2016, the value of Trip's inventory at current costs was $450,000. The 2016 year-end cost index was 120. What was the value of Trip's inventory at the end of 2016, using the dollar-value LIFO method?

A) $375,000
B) $390,000
C) $480,000
D) $540,000