Blaine corporation adopted dollar-value lifo on january 1, Ask an Expert

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Blaine Corporation adopted dollar-value LIFO on January 1, 2000, when the inventory value was $500,000 and the cost index was 1.0. On December 31, 2000, the inventory value at year-end costs was $535,000 and the cost index was 1.06. Blaine would report a LIFO inventory of?

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