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

Crane Corp. uses 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-yearPrices Index
2024 $6460001.00
202512560001.05
202613472501.10
What is the 2025 inventory balance using dollar-value LIFO? (Round intermediate calculations and final answer to O decimal places, e.g.
10,000.)
O $1223700
O $1256000
$1253700
O $1281000

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