In 2013 Anika Co.adopted the simplified dollar-value LIFO method.Inventory under FIFO in 2013 and 2014 is $400,000 and $600,000,respectively.The Consumer Price Index for 2013 is 115 and the Consumer Price Index in 2014 is 125 percent.How much is Anika's inventory at the end of year 2014 under simplified LIFO?
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