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Blossom Corp. uses dollar-value LIFO method of computing its inventory cost. Data for the past three years is as follows: Year ended December 31 2024
Blossom Corp. uses dollar-value LIFO method of computing its inventory cost. Data for the past three years is as follows: Year ended December 31 2024 2025 2026 Inventory at End-of-year Prices $ 650000 O $1263000 O $1288000 O $1260500 O $1230500 1263000 1346250 Price Index 1.00 1.05 1.10 What is the 2025 inventory balance using dollar-value LIFO? (Round intermediate calculations and final answer to 0 decimal places, e.g. 10,000.)
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