3. On December 31, 2013, the Charlie Company adopted the dollar-value LIFO inventory method.Inventory at the end of 2013 for its only inventory pool was $500,000 under the dollar-value LIFO method.At the end of 2014 inventory at year-end cost is $672,000 and the cost index is 1.05.

Calculate inventory at the end of 2014 using the dollar-value LIFO method.