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Question 39 (5 points) Assume Kelly Co. provides the following information regarding Dollar Value LIFO, which the company began applying in 2025: Inventory at

Question 39 (5 points) Assume Kelly Co. provides the following information regarding Dollar Value LIFO, which the company began applying in 2025: Inventory at Price Index (percentage) December 31 End-of-Year Prices 2025 $700,000 100 2026 $800,000 118 2027 $1,000,000 132 You may round all answers to the nearest dollar. What is the dollar-value LIFO balance at 12/31/2026? $783,051 $677,966 $700,000 $757,576

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