Opera Corp. uses dollar-value LIFO method of computing its inventory cost. Data for the past three years is as follows:
Year ended Inventory at Price December 31. End-of-year Prices Index
2013 $390,000 1.00
2014 $756,000 1.05
2015 $810,000 1.10
What is the 2014 inventory balance using dollar-value LIFO?
(A) $390,000.
(B) $371,424.
(C) $736,362.
(D) $810,000.
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