Question: McGrady Corp. uses dollar - value LIFO. Its inventory was $ 5 0 0 , 0 0 0 in terms of base - year prices

McGrady Corp. uses dollar-value LIFO. Its inventory was $500,000 in terms of base-year prices at December 31,2010. At
December 31,2011, McGrady's inventory was $600,000 at base-year prices and $660,000 at current cost. McGrady's inventory
at December 31,2011, using dollar-value LIFO, is:
a. $660,000.
b. $610,000.
c. $600,000.
d. $550,000.
McGrady Corp. uses dollar-value LIFO. Its inventory was $500,000 in terms

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