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Blue & White Corporation adopted the dollar-value LIFO method of inventory valuation on December 31, 2020. Its inventory at that date was $900,000 and the

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Blue & White Corporation adopted the dollar-value LIFO method of inventory valuation on December 31, 2020. Its inventory at that date was $900,000 and the relevant cost index was 1.00. Information regarding inventory for subsequent years is as follows: Inventory at Current Date Current Prices Cost Index December 31, 2021 $1,001,700 1.05 December 31, 2022 1,073,160 1.10 December 31, 2023 1.107.450 1.15 What is the cost of the ending inventory at December 31, 2023 under dollar-value LIFO? O $966,600 O 1,106,280 O $1,070,160 O $1,050,000

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