Morris Corp. uses dollar-value LIFO. Certain information follows:
Ending Inventory?
Year
Current Cost
Index
2015
$10,000
100
2016
11,845
103
2017
12,096
108
2018
13,090
110
Compute the ending 2018 inventory.
A. $11,900
B. $11,985
C. $12,006
D. $12,090
Answer: C
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