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On December 31, 2024, the inventory of Marigold Company amounts to $704,000. During 2025 , the company decides to use the dollar-value LIFO method of
On December 31, 2024, the inventory of Marigold Company amounts to $704,000. During 2025 , the company decides to use the dollar-value LIFO method of costing inventories. On December 31, 2025, the inventory is $926,640 at December 31, 2025, prices. Using the December 31 , 2024, price level of 100 and the December 31, 2025, price level of 108, compute the inventory value at December 31, 2025, under the dollar-value LIFO method. Inventory, December 31, 2025
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