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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 $750,000 and the
Blue & White Corporation adopted the dollar-value LIFO method of inventory valuation on December 31, 2020. Its inventory at that date was $750,000 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 $834,750 1.05 December 31, 2022 894,300 1.10 December 31, 2023 922,875 1.15 What is the cost of the ending inventory at December 31, 2023 under dollar-value LIFO? $875,000. O $891,800. O $805,500. O $921,900
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