Tesla Corporation adopted the dollar-value LIFO method of inventory valuation on December 31, 2018. Its inventory at that date was $891,000 and the relevant price index was 100. What is the cost of the ending inventory at December 31, 2020? Information regarding inventory for subsequent years is as follows: Date Inventory at Current Current Prices Price Index December 31, 2019 $ 1,040,040 107 December 31, 2020 $1,174,500 125 December 31, 2021 $1,316,655 130 $972,000 $945,270 $939,600 $943,002