In 2013 Anika Co.adopted the simplified dollar-value LIFO method.Inventory under FIFO in 2012 and 2013 is $400,000 and $600,000,respectively.The Consumer Price Index for 2012 is 115 and the Consumer Price Index in 2013 is 125 percent.How much is Anika's inventory at the end of year 2013 under simplified LIFO?
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