b.) On 12/31/25 the inventory at prices existing on that date was $169,510 and the price level was 115. Compute the inventory on that date under the dollar value LIFO method.

Inventory 12/31/25 dollar value LIFO method $_____

The dollar-value LIFO method was adopted by Crane Corp. on January 1, 2025. Its inventory on that date was $155,200. On December 31, 2025, the inventory at prices existing on that date amounted to $134,400. The price level at January 1 , 2025, was 100 , and the price level at December 31, 2025, was 112. (a) X Your answer is incorrect. Compute the amount of the inventory at December 31, 2025, under the dollar-value LIFO method. Inventory 12/31/25 under dollar-value LIFO method \$