25. Maduk Oil started operating on Jan. 1st 2018 and uses the dollar value LIFO method. The price index for oil was 1.0 in Dec. 31^st 2018, and 1.1 in Dec. 31^st 2019. The production manager provided the following inventory valuation for oil valued at year-end prices:

Dec. 31^st 2018: $100,000 (valued at Dec. 31^st 2018 prices)

Dec. 31^st 2019: $150,000 (valued at Dec. 31^st 2019 prices)

At what value should Maduk report the value of its year-end inventory on Dec. 31^st 2019 in its balance sheet? (round to nearest dollar)

	A.	$100,000.
	B.	$140,000.
	C.	$150,000.
	D.	None of the above.