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

Opera 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-year PricesIndex
2022$ 650,0001.00
20231,260,0001.05
20241,350,2501.10
What is the 2024 ending inventory balance using dollar-value LIFO?
Group of answer choices
$1,227,500
$1,257,500
$1,350,250
$1,285,000

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