Question: Opera Corporation uses the dollar-value LIFO method of computing its inventory cost. Data for the past three years is as follows: Year endedInventory atPrice December

Opera Corporation uses the dollar-value LIFO method of computing its inventory cost. Data for the past three years is as follows:

Year endedInventory atPrice

December 31.End-of-year PricesIndex

2017$650,000100

20181,260,000105

20191,350,250110

What is the 2018 inventory balance using dollar-value LIFO?______________________

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

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