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X Your answer is incorrect. Kingbird Company has used the dollar-value LIFO method for inventory cost determination for many years. The following data were
X Your answer is incorrect. Kingbird Company has used the dollar-value LIFO method for inventory cost determination for many years. The following data were extracted from Kingbird's records. Price Ending Inventory Date Index at Base Prices Ending Inventory at Dollar-Value LIFO December 31, 2025 105 $92,700 $86,600 December 31, 2026 97,700 92,150 Calculate the index used for 2026 that yielded the above results. Index used for 2026 1.09
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