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Opera Corporation uses the dollar-value LIFO method of computing its inventory cost. Data for the past three years is as follows: Year endedInventory atPrice December
Opera Corporation uses the dollar-value LIFO method of computing its inventory cost. Data for the past three years is as follows:
Year endedInventory atPrice
December 31.End-of-year PricesIndex
2017$650,000100
20181,260,000105
20191,350,250110
What is the 2018 inventory balance using dollar-value LIFO?______________________
What is the 2019 inventory balance using dollar-value LIFO?______________________
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