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Marigold Corp. uses dollar-value LIFO method of computing its inventory cost. Data for the past three years is as follows: Year ended December 31Inventory at
Marigold Corp.uses dollar-value LIFO method of computing its inventory cost. Data for the past three years is as follows:
Year ended
December 31Inventory at
End-of-year PricesPrice
Index2016$6560001201712642001.05201813502501.10
What is the 2018 inventory balance using dollar-value LIFO?
A) $1227500.
B) $1350250.
C) $1257250.
D) $1289200.
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