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Concord Corporation adopted the dollar-value UFO method of inventory valuation on December 31, 2019. Its inventory at that date was $1107000 and the relevant price

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Concord Corporation adopted the dollar-value UFO method of inventory valuation on December 31, 2019. Its inventory at that date was $1107000 and the relevant price index was 100. Information regarding Inventory for subsequent years is as follows: Inventory at Current Date Current Prices Price Index December 31, 2020 $1278000 106 December 31, 2021 1451000 124 December 31, 2022 1626000 129 What is the cost of the ending inventory at December 31, 2021 under dollar value LIFO? $1167161 $1205660 $1173951 $1170161

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