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Price index LIFO cost Retail Inventory on December 31, 2017, when dollar-value LIFO is adopted 100 36,000 74,500 Inventory, December 31, 2018 110 ? 100,100

Price index LIFO cost Retail

Inventory on December 31, 2017, when dollar-value LIFO is adopted 100 36,000 74,500

Inventory, December 31, 2018 110 ? 100,100

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

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