The answer says its B. As they got 82,080/1.08=76,00 minus 62,000= 14,000 * 1.08= 15.120 + 62,000= 77,120.

But in other similar questions, the middle Price index isnt calculated .......? Why doesnt that apply to this question or the answer to this question is really 76,000???

0. Bell, Inc. uses dollar-value LIFO method of computing its inventory cost. Data for the past three years is as follows: 2015 Inventory at End-of-year Prices Year ended Price Index 100 108 112 caoo December 31. 2014 2015 2016 t.0 $62,000 $82,080 $84,000 What is the 2015 inventory balance using dollar-value LIFO? a. $76,040 b. $77,120 c. $75,000 d. $76,000