Opera Corp. uses dollar-value LIFO method of computing its inventory cost. Data for the past...
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Opera Corp. uses dollar-value LIFO method of computing its inventory cost. Data for the past three years is as follows: Year ended Dec 31. Ending inventory @ End-of-Year Prices Price index 2019 $650,000 1.00 2020 1,260,000 1.05 2021 1,350,250 1.10 What is the 2020 inventory balance using dollar-value LIFO? Group of answer choices $1,227,500. $1,260,000 $1,285,000 $1,257,500
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