The dollar-value LIFO method was adopted by Bonita Corp. on January 1, 2020. Its inventory on that date was $245,500 December 31, 2020, the inventory at prices existing on that date amounted to $224,000. The price level at January 1, 20 was 100, and the price level at December 31, 2020, was 112. (a) Your answer is incorrect. Compute the amount of the inventory at December 31, 2020, under the dollar-value LIFO method. Inventory 12/31/20 under dollar-value LIFO method $