Question: quick Code Able Corporation adopted the dollar value LIFO method of inventory valuation on December 31, 2019. Its inventory at that date was $1,100,000 and

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Code Able Corporation adopted the dollar value LIFO method of inventory valuation on December 31, 2019. Its inventory at that date was $1,100,000 and the relevant price index was 100. Information regarding Inventory for subsequent years is as follows: Date Inventory at Current Prices December 31, 2020 $1,284,000 December 31, 2021 1,450.000 December 31, 2022 1,625,000 Current Price Index 107 125 130 What is the cost of the ending inventory at December 31, 2021 under dollar-value LIFO? $1,160,000 $1,200,000 $1.157.000 $1,164,200 Previous

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