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Waterway Industries adopted the dollar-value LIFO method of inventory valuation on December 31, 2019. 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, 2019. Its inventory at that date was $1108000 and the relevant price index was 100. Information regarding inventory for subsequent years is as follows: Date Inventory at Current Prices $1271000 1446000 Current Price Index 105 December 31, 2020 December 31, 2021 December 31, 2022 123 1623000 128 What is the cost of the ending inventory at December 31, 2022 under dollar-value LIFO? (Round intermediate calculations and final answer to O decimal places, e.g. 10,000.) O $1297210. O $1334969. O $1267969. O $1291969
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