Question: A company adopted the dollar - value LIFO inventory method on January 1 , 2 0 2 4 . In applying the LIFO method, the

A company adopted the dollar-value LIFO inventory method on January 1,2024. In applying the LIFO
method, the company uses internal cost indexes and the multiple-pools approach. The following data were
available for Inventory Pool No.3 for the two years following the adoption of LIFO:
Under the Dollar-value LIFO method, the Inventory on December 31,2025, should be:
a. $354,750
b. $354,000
c. $987,000
d. $360,750
A company adopted the dollar-value LIFO inventory method on January 1,2024.

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