On December 31, 2019, the inventory of Kingbird Company amounts to $992,000. During 2020, the company decides touse the dollar-valiae LIFO method of costing inventories, On December 31, 2020, the inventory is $1,305,720 at December 31,2020 , prices, Using the December 31, 2019, price level of 100 and the December 31, 2020, price level of 108 , compute the inventory value at December 31,2020, under the dollar-yalue Lifo method. liwentory. December 31,2020