quick please Able Corporation adopted the dollar value LIFO method of inventory...
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Able Corporation adopted the dollar value LIFO method of inventory valuation on December ai. 2019. Its inventory at the date was 51,100,000 and the relevant price index was 100. Information regarding Inventory for subsequent years is as follow Date December 31, 2020 December 31, 2021 December 31, 2022 Inventory at Current Prices $1,284,000 1,450,000 1,625,000 Current Price Index 107 125 130 What is the cost of the ending inventory at December 31, 2021 under dollar-value LIFO? $1.160,000 $1,200,000 1,157,000 164,200 us
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