Question: 17. Opera Corp. uses the dollar-value LIFO method of computing its inventory cost. Data for the past three years is as follows: Year ended Inventory

17. Opera Corp. uses the dollar-value LIFO method of computing its inventory cost. Data for the past three years is as follows: Year ended Inventory at Price December 31. End-of-year Prices Index 2013 $390,000 1.00 2014 756,000 1.05 2015 810,000 1.10 What is the 2013 inventory balance using dollar-value LIFO? a. $390,000. b. $371,424. c. $736,362. d. $810,000.

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