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Waterway Industries adopted the dollar-value LIFO method of inventory valuation on December 31, 2016. Its inventory at that date was $1108000 and the relevant price
Waterway Industries adopted the dollar-value LIFO method of inventory valuation on December 31, 2016. Its inventory at that date was $1108000 and the relevant price index was 100. Information regarding inventory for subsequent years is as follows: Inventory at Current Prices Current Price Index Date December 31, 2017 December 31, 2018 December 31, 2019 $1284000107 125 130 1452000 1625000 What is the cost of the ending inventory at December 31, 2019 under dollar-value LIFO
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