Question: Marigold Corp. uses dollar-value LIFO method of computing its inventory cost. Data for the past three years is as follows: Year ended December 31Inventory at

Marigold Corp.uses dollar-value LIFO method of computing its inventory cost. Data for the past three years is as follows:

Year ended

December 31Inventory at

End-of-year PricesPrice

Index2016$6560001201712642001.05201813502501.10

What is the 2018 inventory balance using dollar-value LIFO?

A) $1227500.

B) $1350250.

C) $1257250.

D) $1289200.

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