Ace Company adopted dollar-value LIFO on 12/31/2007. The inventory information is given below:

Date Inventory (end-of-year prices) Price Index

12/31/2007 $90,000 100

12/31/2008 $117,705 105

12/31/2009 $117,600 120

12/31/2010 $141,180 130

12/31/2011 $167,000 140

12/31/2012 $184,000 145

What is the ending inventory for Ace using dollar-value LIFO at 12/31/2010?

a. $112,180.

b. $108,600.

c. $141,180.

d. $120,180.

e. $100,600.

f. $109,000.

g. $121,285.

h. None of the above.

Please show and explain as much work as possible. Thank you!