Use the following information for questions 125 through 127.
Gross Corporation adopted the dollar-value LIFO method of inventory valuation on December 31, 2013. Its inventory at that date was $550,000 and the relevant price index was 100. Information regarding inventory for subsequent years is as follows: 
-What is the cost of the ending inventory at December 31, 2014 under dollar-value LIFO?
Definitions:
Predictive Validity
The extent to which a score on a scale or test predicts future performance on a related measure.
School Performance
School performance refers to how well students accomplish their educational tasks and meet the academic requirements of their grade level, often measured through grades and standardized tests.
Positive Correlation
A relationship between two variables where an increase in one variable is associated with an increase in the other.
School Performance
A measurement of academic achievement usually based on grades, standardized test scores, and other criteria.
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