> Question 2 4 pts On January 1, 2025, Company A adopted the dollar-value LIFO method....

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> Question 2 4 pts On January 1, 2025, Company A adopted the dollar-value LIFO method. The inventory cost on this date was $700,000. The ending inventory, valued at year-end costs, and the relative cost index for each of the next three years are below: Year-end Cost ($) Cost Index 2025 840,000 1.05 2026 862,500 1.15 2027 1,047,500 1.25 What inventory balance would Company A report on its 12/31/2027 balance sheet? $852,500 O $857,500 $850,500 $862,500 > Question 2 4 pts On January 1, 2025, Company A adopted the dollar-value LIFO method. The inventory cost on this date was $700,000. The ending inventory, valued at year-end costs, and the relative cost index for each of the next three years are below: Year-end Cost ($) Cost Index 2025 840,000 1.05 2026 862,500 1.15 2027 1,047,500 1.25 What inventory balance would Company A report on its 12/31/2027 balance sheet? $852,500 O $857,500 $850,500 $862,500