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In 2022, Pluto, Inc. decided to switch from traditional LIFO to Dollar Value LIFO. Under traditional LIFO, ending inventory in 2021 (the company's first

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In 2022, Pluto, Inc. decided to switch from traditional LIFO to Dollar Value LIFO. Under traditional LIFO, ending inventory in 2021 (the company's first year) was $2,521,000 and COGS was $14,622,000. Under Dollar Value LIFO, ending inventory in 2021 was $2,470,580 and COGS was $14,672,420. What will be the adjustment to inventory if the company changes from from traditional to Dollar Value LIFO on December 31, 2022? (

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