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 $1,200,000 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 $ 1,335,600 1.05 December 31, 2022 1,430,880 1.10 What is the cost of the ending inventory at December 31, 2022 under dollar-value LIFO? $1,299,200 $1,295,840 $1,307,280 $1,303,904