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Given the following information for the Albuquerque Company: Inventory at end- of-year prices Date 12/31/16 12/31/17 12/31/18 $ 80,000 $100,000 Price Index 100 110 120

Given the following information for the Albuquerque Company: Inventory at end- of-year prices Date 12/31/16 12/31/17 12/31/18 $ 80,000 $100,000 Price Index 100 110 120 $110,000 Using dollar-value LIFO, the 12/31/18 inventory for the balance sheet is approximately Select one: a. $91,667 b. $90,909 C. $92,909 d. $92,000 e. $91,818

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