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

Opera Corp uses dollar-value LIFO method of computing its inventory cost. Data for the past three years is as follows Year ended i Inventory at Price December 31. End-of-year Prices Index 2016 $650,000 1.00 2017 1,260,000 1.05 2018 1,350,250 1.10 What is the 2017 inventory balance using dollar-value LIFO? O $1.257,500 O $1.285,000 ch O $1,260,000 O $1.227.500 iT e a hp 3 3 4 2 5 6

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