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Oriole Company has used the dollar-value LIFO method for inventory cost determination for many years. The following data were extracted from Oriole' records. Price Index
Oriole Company has used the dollar-value LIFO method for inventory cost determination for many years. The following data were extracted from Oriole' records. Price Index Ending Inventory at Base Prices Date Ending Inventory at Dollar-Value LIFO $89,000 94,600 105 December 31, 2020 December 31, 2021 $92,670 97,670 ? Calculate the index used for 2021 that yielded the above results. Index used for 2021
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