Sunland Company adopted the dollar-value LIFO method of inventory valuation on December 31, 2019. Its...
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Sunland Company adopted the dollar-value LIFO method of inventory valuation on December 31, 2019. Its inventory at that date was $1070000 and the relevant price index was 100. Information regarding inventory for subsequent years is as follows: Date December 31, 2020 December 31, 2021 December 31, 2022 Inventory at Current Current Prices Price Index $1281000 106 1432000 124 1625000 129 What is the cost of the ending inventory at December 31, 2020 under dollar-value LIFO? (Round intermediate calculations and final answer to 0 decimal places, e.g. 10,000.) $1208491. O $1216800. O $1134200. O $1281000
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