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Marigold Corp. adopted the dollar-value LIFO method of inventory valuation on December 31, 2016. Its inventory at that date was $1130000 and the relevant price

Marigold Corp. adopted the dollar-value LIFO method of inventory valuation on December 31, 2016. Its inventory at that date was $1130000 and the relevant price index was 100.

Information regarding inventory for subsequent years is as follows:

Date

Inventory at Current Prices

Current Price Index

December 31, 2017 $1272000 106

December 31, 2018 1457000 124

December 31, 2019 1625000 130

What is the cost of the ending inventory at December 31, 2019 under dollar-value LIFO?

$1313700.

$1270700.

$1275200.

$1250000.

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