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Question 20 of 20 - /0.4 View Policies Current Attempt in Progress Marigold Corp. adopted the dollar-value LIFO method of inventory valuation on December 31,
Question 20 of 20 - /0.4 View Policies Current Attempt in Progress Marigold Corp. adopted the dollar-value LIFO method of inventory valuation on December 31, 2019. Its inventory at that date was $1030000 and the relevant price index was 100. Information regarding inventory for subsequent years is as follows: Date Inventory at Current Prices Current Price Index $1277000 107 December 31, 2020 December 31, 2021 December 31, 2022 125 1411000 1622000 130 What is the cost of the ending inventory at December 31, 2020 under dollar-value LIFO? (Round intermediate calculations and final answer to 0 decimal places, e.g. 10,000.) O $1277000. O $1102100. O $1193458. O $1204900
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