In 2015 Anika Co.adopted the simplified dollar-value LIFO method.Inventory under FIFO in 2015 and 2016 is $400,000 and $600,000,respectively.The Consumer Price Index for 2015 is 115 and the Consumer Price Index in 2016 is 125 percent.How much is Anika's inventory at the end of year 2016 under simplified LIFO?
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