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ABC Company began business in 2016. On December 31, 2016, Red's single pool of inventory was valued at $600,000, using the dollar-value LIFO inventory method.

ABC Company began business in 2016. On December 31, 2016, Red\\\'s single pool of inventory was valued at $600,000, using the dollar-value LIFO inventory method. On December 31, 2017, the value of ABC\\\'s inventory at current costs was $650,000. The 2017 year-end cost index was 110. What was the value of ABC\\\'s inventory at the end of 2017, using the dollar-value LIFO method? Round to the nearest dollar on each step.


$64,999

$590,910

$664,999

$59,090

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