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Ivanhoe Corporation adopted the dollar-value LIFO method of inventory valuation on December 31, 2024. Its inventory at that date was $1104000 and the relevant
Ivanhoe Corporation adopted the dollar-value LIFO method of inventory valuation on December 31, 2024. Its inventory at that date was $1104000 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, 2025 $1287000 106 December 31, 2026 1445000 124 December 31, 2027 1630000 129 What is the cost of the ending inventory at December 31, 2027 under dollar-value LIFO? (Round intermediate calculations and final answer to O decimal places, eg. 10,000) $1295736 O $1277000 O $1331839 O $1263566
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