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Please help me solve this problem Top Oil Corp. (founded in 20X1) has the following year-end inventory balances at end-of-year prices: Year Price index Ending

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Top Oil Corp. (founded in 20X1) has the following year-end inventory balances at end-of-year prices: Year Price index Ending inventory at year-end prices 20X1 100 $437,000 20X2 104 $505,000 20X3 109 $539,000 Use "dollar-value LIFO" to calculate the LIFO reserve balance needed for 20X3. Round all numbers to the nearest dollar. Please put your answer in bold font. To receive credit, you must show your work

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