Chavez Incorporated adopted dollar-value LIFO on January 1, 2024, when the inventory value was $850,000. The December 31, 2024, 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 for the December 31, 2024, inventory.
Note: Round intermediate calculations to nearest whole dollar.