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Please could someone show me the steps to solve this problem. Thank you in advance! Question 5 Coronado Industries began using dollar-value LIFO for costing

Please could someone show me the steps to solve this problem. Thank you in advance!image text in transcribed

Question 5 Coronado Industries began using dollar-value LIFO for costing its inventory two years ago. The ending inventory for the past two years in end-of-year dollars was $296000 and $390600 and the year-end price indices were 1 and 1.20, respectively. Assuming the current inventory at end of year prices equals $611000 and the index for the current year is 1.25, what is the ending inventory using dollar-value LIFO? O $535525. $528475. O $501775. O $539275

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