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Crane Company adopted the dollar-value LIFO method of inventory valuation on December 31, 2019. Its inventory at that date was $1101000 and the relevant price
Crane Company adopted the dollar-value LIFO method of inventory valuation on December 31, 2019. Its inventory at that date was $1101000 and the relevant price index was 100. Information regarding inventory for subsequent years is as follows: Inventory at Date Current Prices Current Price Index December 31, 2020 $1270000 105 December 31, 2021 1440000 123 December 31, 2022 1620000 128 What is the cost of the ending inventory at December 31, 2021 under dollar-value LIFO? (Round intermediate calculations and final answer to O decimal places, e.g. 10,000.) $1170732. $1167732. $1174219. $1209524
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