Question: (Dollar-Value LIFO) Sisko Company has used the dollar-value LIFO method for inventory cost determination for many years. The following data were extracted from Sisko?s records.

(Dollar-Value LIFO) Sisko Company has used the dollar-value LIFO method for inventory cost determination for many years. The following data were extracted from Sisko?s records. Calculate the index used for 2010 that yielded the above results.

Ending Inventory Ending Inventory at Dollar-Value LIFO Price Date at Base Prices

Ending Inventory Ending Inventory at Dollar-Value LIFO Price Date at Base Prices Index December 31, 2009 December 31, 2010 $92,000 $92,600 105 99,200

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