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

Opera Corp. uses the 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 Prices Index

2019 $650,000 1.00

2020 1,260,000 1.05

2021 1,350,250 1.10

What is the 2019 inventory balance using dollar-value LIFO?

a. $650,000.

b. $619,040.

c. $1,227,270.

d. $1,350,250.

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