Sheridan Company adopted the dollar-value LIFO method of inventory valuation on December 31, 2019. Its inventory at that date was $1050000 and the relevant price index was 100. Information regarding inventory for subsequent years is as follows: Date Inventory at Current Prices Current Price Index December 31, 2020 $1277000 107 December 31, 2021 1402000 125 December 31, 2022 1620000 130 What is the cost of the ending inventory at December 31, 2020 under dollar-value LIFO? (Round intermediate calculations and final answer to O decimal places, e.g. 10,000.) O $1193458. $1203500. $1277000. O $1123500.