Question: Crane Corp. Uses dollar-value LIFO method of computing its inventory cost. Data for the past three years is as follows: Year Ended-December 31 Inventory at

Crane Corp. Uses dollar-value LIFO method of computing its inventory cost. Data for the past three years is as follows:

Year Ended-December 31

Inventory at End-of-year Prices

Price Index

Year Ended-December 31 Inventory at End-of-year Prices Price Index
2024 $646000 1.00
2025 $1261000 1.05
2026 $1354250 1.10

What is the 2026 inventory balance using dollar-value LIFO? (Round intermediate calculations and final answer to 0 decimal places, e.g. 10,000.)

Multiple choice: $1231136, $1261902, $1286000, $1354250

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