Question: Marigold Corp. uses dollar-value LIFO method of computing its inventory cost. Data for the past three years is as follows: Year ended December 31

Marigold Corp. uses dollar-value LIFO method of computing its inventory cost. Data

Marigold 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 2019 $ 654000 1.00 2020 1261000 1.05 2021 1351250 1.10 What is the 2021 inventory balance using dollar-value LIFO? (Round intermediate calculations and final answer to O decimal places, e.g. 10,000.) $1286000. $1258502. $1228409. $1351250.

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