Question: Willy World began using dollar-value LIFO for costing its inventory two years ago. The ending inventory for the past two years in end-of-year dollars was

Willy World began using dollar-value LIFO for costing its inventory two years ago. The ending inventory for the past two years in end-of-year dollars was $ 300000 and $ 450000 and the year-end price indices were 1 and 1.20, respectively. Assuming the current inventory at end of year prices equals $ 645000 and the index for the current year is 1.25, what is the ending inventory using dollar-value LIFO? $ 532500. $ 559200. $ 570000. $ 566250.

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