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(5 points) CMSE, Corp. adopted Dollar Value LIFO on 12/31/2017. Their inventory value that day was $5,646,000. On 12/31/2018, the company reported inventory worth $7,656,000

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(5 points) CMSE, Corp. adopted Dollar Value LIFO on 12/31/2017. Their inventory value that day was $5,646,000. On 12/31/2018, the company reported inventory worth $7,656,000 at end of year prices and the price index was 113. On 12/31/2019, inventory value was $6,758,000 and the price index was 133, and on 12/31/2020, inventory was $11,435,000 with a price index of 141. What should the company report as ending inventory on 12/31/2019? (A 14) $5,081,203 $5,980,531 $6,026,636 $6,758,000

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