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The company had the following inventory at end-of-year prices: $1,230,000 in 2016 (base year), $1,345,000 in 2017 , and $1,350,000 in 2018 . The price

The company had the following inventory at end-of-year prices: $1,230,000 in 2016 (base year), $1,345,000 in 2017 , and $1,350,000 in 2018 . The price index is 1.02 in 2017 and 1.03 in 2018. What is the LIFO effect in 2018 ? Round to the nearest whole number. $1,313,100 $1,310,680 $1,320,400 $1,312,293

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