Question: CALCULATOR PRINTER VERSION BACK NE Multiple Choice Question 127 Crane Company adopted the dollar-value LIFO method of inventory valuation on December 31, 2016. Its inventory

CALCULATOR PRINTER VERSION BACK NE Multiple Choice Question 127 Crane Company adopted the dollar-value LIFO method of inventory valuation on December 31, 2016. Its inventory a that date was $1000000 and the relevant price index was 100. Information regarding inventory for subsequent years is as follows: Inventory at Current Price Index Date December 31, 2017 Decembdr 31, 2018 December 31, 2019 Current Prices $1177000 1400000 1521000 107 125 130 What is the cost of the ending inventory at December 31, 2019 under dollar-value LIFO? O $1237000. $1194000. O $1193400. O $1170000

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