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Chavez Incorporated adopted dollar-value LIFO on January 1, 2024, when the Inventory value was $850,000. The December 31, 2024, ending Inventory at year end

Chavez Incorporated adopted dollar-value LIFO on January 1, 2024, when the Inventory value was $850,000. The December 31, 2024, ending Inventory at year end cost was $950,000 and the cost index for the year is 1.08. Required: Compute the dollar-value LIFO Inventory valuation for the December 31, 2024, Inventory. Note: Round Intermediate calculations to nearest whole dollar. Dollar-value LIFO

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