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Dahlia adopted the dollar-value LIFO retail inventory method on January 1, 2020. The following information for 2020 was taken from the company's records: The price

image text in transcribed Dahlia adopted the dollar-value LIFO retail inventory method on January 1, 2020. The following information for 2020 was taken from the company's records: The price index on January 1, 2020, was 100. On December 31, 2020, it was 105. Required: Compute the inventory value for December 31, 2020. Round to the nearest dollar. $

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