Basking Company adopted the

dollarvalue

LIFO method in 2022. At December 31, 2022, ending inventory was $103,000, with a price index of 1.00, using

dollarvalue

LIFO. At December 31, 2023, the ending inventory using FIFO is $129,000 and the price index is 1.16. Round all dollar amounts to the nearest dollar. Basking Company's ending inventory at December 31, 2023 on a

dollarvalue

LIFO basis is ________.

A.

$111,207

B.

$112,520

C.

$129,000

D.

$103,000