2. Chase Company manufactures one product. On December 31, 2018, Chase adopted the dollar-value LIFO inventory method. The inventory on that date using the dollar-value LIFO inventory method was $1,000,000. Inventory data are as follows: Inventory at year-end prices Price index (base year 2017) Year 2019 2020 2021 $1,250,000 1,320,000 1,440,000 1.05 1.15 1.20 Required: Compute the inventory at December 31, 2019, 2020 and 2021, using the dollar-value LIFO method for each year