78. Opera Corp. uses the dollar-value LIFO method of computing its inventory cost. Data for the past four years is as follows:

Year ended

December 31

2011

2012

2013

Inventory at

End-of-year Prices

$130,000

252,000

270,000

Price

Index

1.00

1.05

1.10

What is the 2011 inventory balance using dollar-value LIFO?

A)	$130,000.
B)	$123,808.
C)	$245,454.
D)	$270,000.