ABC Company began business in 2019. On December 31, 2019, ABC's single pool of inventory was valued at $600,000, using the dollar-value LIFO inventory method. On December 31, 2020, the value of ABC's inventory at current costs was $650,000. The 2020 year-end cost index was 110. What was the value of ABC's inventory at the end of 2020, using the dollar-value LIFO method? (Round to the nearest dollar on each step.)