was $ 550,000 and the relevant price index was 100. Information regarding inventory for subsequent years is as follows:
Date Inventory at
Current Prices Current
Price Index
December 31, 2014 $ 642,000 107
December 31, 2015 725,000 125
December 31, 2016 812,500 130
What is the cost of the ending inventory at December 31, 2014 under dollar-value LIFO?