In 2014 Anika Co.adopted the simplified dollar-value LIFO method.Inventory under FIFO in 2014 and 2015 is $400,000 and $600,000,respectively.The Consumer Price Index for 2014 is 115 and the Consumer Price Index in 2015 is 125 percent.How much is Anika's inventory at the end of year 2015 under simplified LIFO?
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