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On January 1 , 2 0 2 4 , a company adopted the dollar - value LIFO method. The inventory cost on this date was

On January 1,2024, a company adopted the dollar-value LIFO method. The inventory cost on this date was $100,000. The ending inventory, valued at year-end costs, and the relative cost index for each of the next three years is below:
\table[[Year-End,\table[[Ending Inventory at],[Year-End Costs]],Cost Index],[2024,$126,000,1.05],[2025,143,000,1.10],[2026,153,600,1.20]]
What inventory balance would the company report on its 12/31/2026 balance sheet?
Multiple Choice
$128,000
$129,800
$153,600
None of the other answer choices are correct.
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