Athens Corporation adopted the dollar-value LIFO method of inventory valuation on December 31, Year 1. Its inventory at that date was $100,000 and the relevant price index was 100. Information regarding inventory for subsequent years is as follows:
Inventory at Price
Date Current Prices Index
December 31, Year 2 $128,400 107
December 31, Year 3 $145,000 125
December 31, Year 4 $169,000 130
What is the cost of the ending inventory at December 31, Year 3, under dollar-value LIFO?