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Oriole Company adopted the dollar-value LIFO method of inventory valuation on December 31, 2019. Its inventory at that date was $1105000 and the relevant price
Oriole Company adopted the dollar-value LIFO method of inventory valuation on December 31, 2019. Its inventory at that date was $1105000 and the relevant price index was 100. Information regarding inventory for subsequent years is as follows: Date December 31, 2020 December 31, 2021 December 31, 2022 Inventory at Current Current Prices Price Index $1274000 107 1448000 125 1620000 130 What is the cost of the ending inventory at December 31, 2021 under dollar-value LIFO? $1190654. $1162138. $1155400. $1158400
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