A company has the following information available that was used to report inventory using the dollar-value LIFO method. Year Year-End Cost Cost Index 1.00 1.06 12/31/2020 12/31/2021 $250,000 259,000 For the year ended 12/31/2021, the company reported inventory of $274,540 ($259,000 1.06). Which of the following statements is correct? Multiple Choice The amount reported for ending inventory should be calculated as $250,000 + ($9,000/1.06). The amount reported for ending inventory should be calculated as $250,000 + ($9,000 x 1.06). The amount reported for ending inventory should be calculated as $259,000/1.06. The amount reported for ending inventory is correct