Question: Crane Corp. uses dollar - value LIFO method of computing its inventory cost. Data for the past three years is as follows: Year ended December

Crane Corp. uses dollar-value LIFO method of computing its inventory cost. Data for the past three years is as follows: Year ended December 31: 2024, Inventory at End-of-year Prices: $646000, Price Index: 1.00; Year ended December 31: 2025, Inventory at End-of-year Prices: $1256000, Price Index: 1.05; Year ended December 31: 2026, Inventory at End-of-year Prices: $1247250, Price Index: 1.10. What is the 2025 inventory balance using dollar-value LIFO? (Round intermediate calculations and final answer to 0 decimal places, e.g.10,000.)

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