Exercise 9-25

Presented below is information related to Langston Hughes Corporation.

Price Index	LIFO Cost	Retail
Inventory on December 31, 2014,
when dollar-value LIFO is adopted	100	$36,860	$77,000
Inventory, December 31, 2015	110	?	95,810

Compute the ending inventory under the dollar-value LIFO method at December 31, 2015. The cost-toretail ratio for 2015 was51%.

Ending inventory under the dollar-value LIFO method at December 31, 2015

$