Chavez Inc.adopted dollar-value LIFO on January 1,2016,when the inventory value was $850,000.The December 31,2016,ending inventory at year-end cost was $950,000 and the cost index for the year is 1.08.
Required:
Compute the dollar-value LIFO inventory valuation (rounded)for the December 31,2016,inventory.

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The Answer of Chavez Inc.adopted dollar-value LIFO on January 1,2016,when the inventory value was $850,000.The December 31,2016,ending inventory at year-end cost was $950,000 and the cost index for the year is 1.08.
Required:
Compute the dollar-value LIFO inventory valuation (rounded)for the December 31,2016,inventory.