Blossom Corporation adopted the dollar$-$value LIFO method of inventory valuation on December $31,2024.$ Its inventory at that date was $$1108000$ and the relevant price index was $100.$ Information regarding inventory for subsequent years is as follows:

Date

Inventory at

Current Prices

Current

Price Index

December $31,2025$

$$1275000$

$106$

December $31,2026$

$1452000$

$124$

December $31,2027$

$1624000$

$129$

What is the cost of the ending inventory at December $31,2027$ under dollar$-$value LIFO? $($Round intermediate calculations and final answer to $0$ decimal places, e$.$g$.10,000.)$

Answer rating: 100% (QA)

To calculate the cost of the ending inventory at December 31 2027 under the dollarvalue LIFO method ... View the full answer