In 2016 Anika Co.adopted the simplified dollar-value LIFO method.Inventory under FIFO in 2016 and 2017 is $400,000 and $600,000,respectively.The Consumer Price Index for 2016 is 115 and the Consumer Price Index in 2017 is 125 percent.How much is Anika's inventory at the end of year 2017 under simplified LIFO?
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