Sunland Company adopted the dollar-value LIFO method of inventory valuation on December 31, 2019. Its inventory at that date was $1107000 and the relevant price index was 100. Information regarding inventory for subsequent years is as follows: Date Inventory at Current Prices Current Price Index December 31, 2020 $1273000 105 December 31, 2021 1460000 123 December 31, 2022 1623000 128 What is the cost of the ending inventory at December 31, 2022 under dollar-value LIFO
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Sunland Company adopted the dollar-value LIFO method of inventory valuation on December 31, 2019. It...
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