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The company had the following inventory at end-of-year prices: $500,000 in 2018 (base year), $545,000 in 2019, and $535,000 in 2020. The price index is

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The company had the following inventory at end-of-year prices: $500,000 in 2018 (base year), $545,000 in 2019, and $535,000 in 2020. The price index is 1.05 in 2019 and 1.09 in 2020. What is the value of inventory using dollar value LIFO in 2020? $490,826 $500,000 $520,000 $519,048

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