Can you answer part B clear for me to understand thank u

03. The information below is provided for Sea Company: Ending Inventory Year 2014 2015 2016 2017 $ 90,000 97,650 103,550 109,760 Price Index 100 105 109 112 Required: b. Explain why a company would want to use dollar-value LIFO. ANSWER:. Compute Sea Company's 2016 ending inventory using dollar-value LIFO. Base DV LIFO Dollars Index $95,000 S 5,000 $ 3,000 1.05 2016 end. inv. ($103,550 1.09) Base layer -90,000 1.00 $90.000 2014 layer ($97,650 + 1.05)-90,000 2016 layer ($103,550+ 1.09)-93.000 2016 ending inventory 3,150 2.180 $95,330 2,000 1.09 A company would want to use dollar-value LIFO to obtain the use of inventory pools and cost indices to overcome the problems of b. numerous detailed records fluctuations that may occur in the physical quantities of an item outdated designs and substituted materials