Salvador, Inc. adopted the monetary LIFO method (dollar-value LIFO) on December 31, 2018. In that moment the final inventory value was of $550,000 and the price index was considered to be 100. Information related to the inventory:

Inventory to Index of

Date Current Prices Current Prices

December 31, 2019 $642,000 107

December 31, 2020 $725,000 125

December 31, 2021. $812,500 130

Question 1: Which is the value of the final inventory for December 31, 2019 for the monetary LIFO method (dollar-value LIFO)?

Question 2: Which is the value of the final inventory for December 31, 2020 for the monetary LIFO method (dollar-value LIFO)?