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Opera Corp. uses dollar-value LIFO method of computing its inventory cost. Data for the past three years is as follows: Year ended December 31. Inventory

Opera Corp. uses dollar-value LIFO method of computing its inventory cost. Data for the past three years is as follows:

Year ended December 31. Inventory at current year Prices Index

2019 $ 650,000 1.00

2020 1,260,000 1.05

2021 1,350,250 1.10

What is the 2020 inventory balance using dollar-value LIFO?

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