C. (5 points) D manufactures one product. On 12-31-12, D adopted the dollar-value LIFO inventory method. Ds ending inventory on 12-31-12 was $250,000 and the 2012 factor (index) was 1.00. Other data follows:

Year EI at year-end prices Factor Cost of good manufactured during the year

2013 $254,520 1.01 $4,500,000

2014 $256,020 1.02 $4,750,000

Compute the inventory at December 31, 2013 and 2014. In addition, compute 2014s cost of goods sold.