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Gross Corporation adopted the dollar-value LIFO method of inventory valuation on December 31, 2016. Its inventory at that date was $1,100,000 and the relevant price

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Gross Corporation adopted the dollar-value LIFO method of inventory valuation on December 31, 2016. Its inventory at that date was $1,100,000 and the relevant price index was 100. Information regarding inventory for subsequent years is as follows: Date Inventory at Current Prices Current Price Index 31-Dec-17 31-Dec-18 31-Dec-19 $1,284,000 1,450,000 1,625,500 107 125 130 Instructions: What is the cost of the ending inventory at December 31, 2016, 2017, 2018 and 2019 under dollar value LIFO

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