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Udon Inc. adopted dollar-value LIFO (DVL) as of January 1, 2018, when it had an...

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Accounting

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Udon Inc. adopted dollar-value LIFO (DVL) as of January 1, 2018, when it had an inventory of $690,000. Its inventory as of December 31, 2018, was $741,600 at year-end costs and the cost index was 1.03. What was DVL inventory on December 31, 2018? Multiple Choice S710,700. $720,000. S741,600. $720,900

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