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A company adopted dollar - value LIFO on January 1 , 2 0 2 4 , when the inventory value was $ 5 0 0

A company adopted dollar $-$ value LIFO on January $1, 2024,$ when the inventory value was $ $500, 000$ and the cost index was $1.0 .$ On December $31, 2024,$ the inventory value at year $-$ end costs was $ $535, 000$ and the cost index was $1.06 .$ The company would report a LIFO inventory of:

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Question

A company adopted dollar - value LIFO on January 1 , 2 0 2 4 , when the inventory value was $ 5 0 0

A company adopted dollar-value LIFO on January 1,2024, when the inventory value was $500,000 and the cost index was 1.0. On December 31,2024, the inventory value at year-end costs was $535,000 and the cost index was 1.06. The company would report a LIFO inventory of:

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A company adopted dollar $-$ value LIFO on January $1, 2024,$ when the inventory value was $ $500, 000$ and the cost index was $1.0 .$ On December $31, 2024,$ the inventory value at year $-$ end costs was $ $535, 000$ and the cost index was $1.06 .$ The company would report a LIFO inventory of: