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Cypress Corp. uses dollar-value LIFO. Certain information follows: Year Ending Inventory- Current Cost Index 2004 $5,000 100 2005 5,610 102 2006 5,304 104 2007 6,042

Cypress Corp. uses dollar-value LIFO. Certain information follows:

Year

Ending Inventory-

Current Cost

Index

2004

$5,000

100

2005

5,610

102

2006

5,304

104

2007

6,042

106

Compute the ending 2007 inventory.

a.

$5,742

b.

$5,700

c.

$5,722

d.

$5,738

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