Question: Blossom Corp. uses dollar - value LIFO method of computing its inventory cost. Data for the past three years is as follows: table [

Blossom Corp. uses dollar-value LIFO method of computing its inventory cost. Data for the past three years is as follows:
\table[[\table[[Year ended],[December 31]],\table[[Inventoryat],[End-of-year Prices]],\table[[Price],[Index]]],[2024,$655000,1.00],[2025,1256000,1.05],[2026,1350250,1.10]]
What is the 2025 inventory balance using dollar-value LIFO? (Round intermediate calculations and final answer to O decimal places, e.g.10,000.)
$1281000
$1223250
$1256000
$1253250
 Blossom Corp. uses dollar-value LIFO method of computing its inventory cost.

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