Basking Company adopted the dollar-value LIFO method in 2018. At December 31, 2018, ending inventory was $104,000,
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Basking Company adopted the dollar-value LIFO method in 2018. At December 31, 2018, ending inventory was $104,000, with a price index of 1.00, using dollar-value LIFO. At December 31, 2019, the ending inventory using FIFO is $122,000 and the price index is 1.18. Round all dollar amounts to the nearest dollar.Basking Company's ending inventory at December 31, 2019 on a dollar-value LIFO basis is ________.
$104,000
$103,390
$103,280
$122,000
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