S.M.E.A.L. Corporation adopted the dollar-value LIFO method of inventory valuation on December 31, 2020. Its inventory at that date was $1,350,000 and the relevant cost index was 1.00. Information regarding inventory for subsequent years is as follows: Inventory at Current Date Current Prices Cost Index December 31, 2021 $ 1,502,550 1.05 December 31, 2022 1,609,740 1.10 What is the cost of the ending inventory at December 31, 2022 under dollar-value LIFO? $1,457,820 $1,461,600 $1,470,690 $1,466,892