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Oriole Corporation adopted the dollar-value LIFO method of inventory valuation on December 31, 2024. Its inventory at that date was $1101000 and the relevant
Oriole Corporation adopted the dollar-value LIFO method of inventory valuation on December 31, 2024. Its inventory at that date was $1101000 and the relevant price index was 100. Information regarding inventory for subsequent years is as follows: Date December 31,2025 Inventory at Current Prices Current Price Index $1271000 105 December 31, 2026 1440000 123 December 31, 2027 1623000 128 What is the cost of the ending inventory at December 31, 2026 under dollar value LIFO (Round Intermediate calculations to O decimal ploces, ea 1,5553
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