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Coronado Industries adopted the dollar-value LIFO inventory method on December 31, 2020. Coronado's entire inventory constitutes a single pool. On December 31, 2020, the inventory
Coronado Industries adopted the dollar-value LIFO inventory method on December 31, 2020. Coronado's entire inventory constitutes a single pool. On December 31, 2020, the inventory was $966000 under the dollar-value LIFO method. Inventory data for 2021 are as follows:
12/31/21 inventory at year-end prices | $ | 1350000 | |
Relevant price index at year end (base year 2020) | 110 |
Using dollar value LIFO, Coronado's inventory at December 31, 2021 is ?
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