The Wernli Manufacturing Company manufactures a single product. The managers, Brandon and Chris Wernli, decided on December 31, 2010, to adopt the dollar-value LIFO inventory method. The inventory value on that date using the newly adopted dollar-value LIFO method was $700.000. Additional information follows: Compute the inventory value at December 31 of each year using the dollar-value method, assuming incremental layers are valued at year-end prices