Question 24 Given the following information for the Albuquerque Company: Not yet answered Points out of 3.00 Date 12/31/16 12/31/17 12/31/18 Inventory at end- of-year prices $ 80,000 $100,000 $110,000 Price Index 100 110 120 Flag question Using dollar-value LIFO, the 12/31/18 inventory for the balance sheet is approximately Select one: a. $91,667 b. $90,909 c. $92,909 d. $92,000 e. $91,818 Question 25 Given the following information for an inventory item of the Scottsdale Corporation Not yet answered $102 $ 98 Points out of 3.00 Cost Replacement Cost Estimated Sales Price Normal Profit Cost of Completion $114 $ 6 $ 13 Flag question Using the LCM Rule, the proper inventory amount for the balance sheet is: , : Select one: a. $98 b. $96 c. $101 d. $102 e. $108