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Merry Corp. uses the dollar-value-LIFO (DVL) inventory costing method with 2019 as its base year. Information regarding inventory for 2019 2021 is as follows: Date

Merry Corp. uses the dollar-value-LIFO (DVL) inventory costing method with 2019 as its base year. Information regarding inventory for 2019 2021 is as follows:

Date

Ending Inventory at Current Prices (FIFO)

Price Index

12/31/19

$ 690,000

100% or 1.0

12/31/20

825,000

110% or 1.10

12/31/21

1,008,000

112% or 1.12

Question: What should be the cost of inventory on 12/31/21 using the DVL method? Round all calculations to the nearest whole dollar. Reminder: show clear calculations to receive partial credit.

Answer: $____

Space for calculations is on the next page.

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