Gross Corporation adopted the dollar-value LIFO method of inventory valuation on December 31, 2013. Information regarding inventory for 2013 and subsequent years is as follows:DateInventory atCurrent PricesCurrentPrice IndexDecember 31, 2013$550,000100December 31, 2014642,000105December 31, 2015725,000110December 31, 2016812,500115What is the cost of the ending inventory at December 31, 2016 under dollar-value LIFO?

13. Gross Corporation adopted the dollar-value LIFO method of inventory valuation on December 31, 2013. Information regarding inventory for 2013 and subsequent years is as follows: Date December 31, 2013 December 31, 2014 December 31, 2015 December 31, 2016 Inventory at Current Current Prices Price Index $550,000 100 642,000 105 725,000 110 812,500 115 What is the cost of the ending inventory at December 31, 2016 under dollar-value LIFO