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Red Co. adopted the dollar-value LIFO inventory method on December 31, 2020. On December 31, 2020, the inventory was $800,000 and the relevant price index was 1.00. Inventory data for 2021 are as follows: 12/31/21 inventory at year-end prices $1,650,000 Relevant price index at year end (base year 2020) 1.50 Using dollar value LIFO, Red's inventory at December 31, 2021 is $1,250,000 O $1,320,000 $1,200,000 $1,056,000