In 2018, Richard's Department Store changes its inventory method from FIFO to LIFO. Richard's uses the simplified LIFO method. Richard's year-end inventory under FIFO is as follows: 2017 - $300,000; 2018 - $350,000. The 2017 price index is 110% and the 2018 index is 120%. The 2018 ending inventory after adopting the LIFO method is
A. $350,000.
B. $320,833.
C. $322,727.
D. $381,818.
Answer: C
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