9. $ Value LIFO.) The Green Co. uses the dollar-value LIFO method. At the end of 2005, the base year, the current cost of the ending inventory was $60,000. At the end of 2006, the current cost of the ending inventory was $72,000 and the price index was 1.10. What should be the cost of inventory on the 12/31/06 balance sheet? au $60,000 b. $65,455 c. $66,000 d. $72,000 e. none of the above 10. (LIFO) The Brown Co. has beginning inventory of 11 units at $10 each. A purchase was made early in the year of 8 units at $8, and later in the year of 7 units at $7. At the end of the year, there were 12 units on hand. What is the amount of ending inventory, if the company uses the LIFO method? a. $89b. $116 c. $118 d. $120