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Presented below is information related to Pronghorn Corporation. Price Index LIFO Cost Retail Inventory on December 31, 2017, when dollar-value LIFO is adopted 100 $33,900

Presented below is information related to Pronghorn Corporation.

Price Index LIFO Cost Retail

Inventory on December 31, 2017,

when dollar-value LIFO is adopted 100 $33,900 $80,400

Inventory, December 31, 2018 110 ? 97,570

Compute the ending inventory under the dollar-value LIFO method at December 31, 2018. The cost-to-retail ratio for 2018 was 60%.

Ending inventory under the dollar-value LIFO method at December 31, 2018

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