Use the Following Information for Questions
Baker Company, Which

Use the following information for questions
Baker Company, which uses the retail LIFO method to determine inventory cost, has provided the following information for 2007: $\begin{array}{lrr}&\text { Cost }& \text { Retail }\\ \hline\text { Inventory, } 1 / 1 / 07 & \$ 94,000 & \$ 140,000 \\\text { Net purchases } & 378,000 & 562,000 \\\text { Net markups } & & 68,000 \\\text { Net markdowns } & & 30,000 \\\text { Net sales } & & 530,000\end{array}$
-Assuming that the price index was 105 at December 31, 2007 and 100 at January 1, 2007, what is the cost of Baker's inventory at December 31, 2007 under the dollar-value-LIFO retail method?

A) $133,690.
B) $138,915.
C) $140,305.
D) $131,800.