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What was dvl inventory on december

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Question 1: Linguini Inc. adopted dollar-value LIFO (DVL) as of January 1, 2018, when it had an inventory of $840,000. Its inventory as of December 31, 2018, was $867,900 at year-end costs and the cost index was 1.10. What was DVL inventory on December 31, 2018?

Multiple Choice

Option 1: 789,000.

Option 2: 840,000.

Option 3: 867,900.

Option 4: 924,000.

Reference no: EM132568529

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