On December 31, 2018, Desert Company adopted the Dollar Value LIFO inventory method. The inventory on that date using dollar-value LIFO was determined to be $550,000, and the relevant price index was 1.00. Inventory data for 2019, 2020, and 2021, is as follows: Year ended Dec. 31st Inventory at Current year-end prices Specific Price Index 2019 $642,000 1.07 2020 2021 $725,000 $812,500 What was inventory on December 31, 2021, using Dollar Value LIFO? O $625,000 $637,000 $658,500 $640,600 1.25 1.30