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On December 31,2024, the inventory of Bramble Company amounts to $880,000. During 2025, the company...

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Accounting

On December 31,2024, the inventory of Bramble Company amounts to $880,000. During 2025, the company decides to use the dollar-value LIFO method of costing inventories. On December 31,2025, the inventory is $1,179,750 at December 31,2025, prices. Using the December 31,2024, price level of 100 and the December 31,2025, price level of 110, compute the inventory value at December 31,2025, under the dollar-value LIFO method.
Inventory, December 31,2025
$

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