Buckeye Corporation Adopted Dollar-Value LIFO on January 1, 2009, When

Multiple Choice

Buckeye Corporation adopted dollar-value LIFO on January 1, 2009, when the inventory value was $500,000 and the cost index was 1.0. On December 31, 2009, the inventory value at year-end costs was $535,000 and the cost index was 1.06. Buckeye would report a LIFO inventory of:

A) $504,717.
B) $530,000.
C) $505,000.
D) $533,019.