Chase Company manufactures one product. On December 31, 2018, Chase adopted the dollar-value LIFO inventory method. The inventory on that date using the dollar-value LIFO inventory method was $1,000,000. Inventory data are as follows:

Inventory at Price index

Year year-end prices (base year 2018)

2019 $1,349,700 1.10

2020 1,650,250 1.15

2021 1,710,000 1.20

Required:

Compute the inventory at December 31, 2019, 2020 and 2021, using the dollar-value LIFO method for each year.