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Judd Company has ending inventory in 2017 of $500,000, an ending inventory of $583,000 in 2018, an ending inventory of $678,500 in 2019, an
Judd Company has ending inventory in 2017 of $500,000, an ending inventory of $583,000 in 2018, an ending inventory of $678,500 in 2019, an ending inventory of $696,000 in 2020, and an ending inventory of $750,000 in 2021. The price index for each year is 100, 110,115,120, 125 respectively. The price index for 2022 is 130. Using dollar-value LIFO, calculate the ending inventory that should be reported on the 2022 year-end balance sheet (report it appropriately).
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