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Sunland Company adopted the dollar-value LIFO method of inventory valuation on December 31, 2019. Its inventory at that date was $1102000 and the relevant price
Sunland Company adopted the dollar-value LIFO method of inventory valuation on December 31, 2019. Its inventory at that date was $1102000 and the relevant price index was 100. Information regarding inventory for subsequent years is as follows: Current Price Index Date Inventory at Current Prices $1276000 1445000 1625000 December 31, 2020 December 31, 2021 December 31, 2022 107 125 130 What is the cost of the ending inventory at December 31, 2022 under dollar-value LIFO? (Round intermediate calculations and final answer to 0 decimal places, e.g. 10,000.) $1274000. $1317000. $1250000 $1281980
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