Question: Testbank Multiple Choice Question 127 Bramble Corp. adopted the dollar-value LIFO method of inventory valuation on December 31, 2019. Its inventory at that date was

Testbank Multiple Choice Question 127 Bramble Corp. adopted the dollar-value LIFO method of inventory valuation on December 31, 2019. Its inventory at that date was $1101000 and the relevant price index was 100. Information regarding inventory for subsequent years is as follows: Inventory at Current Date Current Prices Price Index December 31, 2020 $1289000 105 December 31, 2021 1441000 123 December 31, 2022 1627000 128 What is the cost of the ending inventory at December 31, 2022 under dollar-value LIFO? (Round intermediate calculations and final answer to 0 decimal places, e.g. 10,000.) $1338094. $1295094. $1271094. O $1302495

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