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The dollar-value LIFO method was adopted by Splish Corp. on January 1, 2025. Its inventory on that date was $413,600. On December 31,2025 , the
The dollar-value LIFO method was adopted by Splish Corp. on January 1, 2025. Its inventory on that date was $413,600. On December 31,2025 , the inventory at prices xisting on that date amounted to $392,000. The price level at January 1, 2025, was 100, and the price level at December 31, 2025 , was 112. Your answer is correct. Compute the amount of the inventory at December 31, 2025, under the dollar-value LIFO method. Inventory 12/31/25 under dollar-value LIFO method $ On December 31,2026 , the inventory at prices existing on that date was $430,215, and the price level was 115 . Compute the inventory on that date under the dollarvalue LIFO method. Inventory 12/31/26 under dollar-value LIFO method \$
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