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Savage Company adopted the dollar- value LIFO method in 2014. At December 31, 2014, ending inventory was $102,000, with a price index of 1.00, using

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Savage Company adopted the dollar- value LIFO method in 2014. At December 31, 2014, ending inventory was $102,000, with a price index of 1.00, using dollar value LIFO. At December 31, 2015, the ending inventory using FIFO is $134,000 and the price index is 1.15. What is the LIFO Reserve on December 31, 2015? (Round all dollar amounts to the nearest dollar.)

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