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On January 1 , 2 0 2 3 , Ferret, Inc., adopted the dollar - value LIFO method. The inventory cost on this date was

On January 1,2023, Ferret, Inc., adopted the dollar-value LIFO method. The inventory cost on this date was $100,000. The 2023 ending inventory, valued at year-end costs, was $126,000. The relative cost index for this inventory in 2023 was 1.05. Suppose that Ferret's 2024 ending inventory, valued at year-end costs, was $143,000 and that the relative cost index for this inventory in 2024 was 1.10. Also suppose that Ferret's 2025 ending inventory, valued at year-end costs, was $153,600 and that the relative cost index for this inventory in 2025 was 1.20. What inventory balance would Ferret report on its 12/31/25 balance sheet?

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