Question: On January 1 , 2 0 2 4 , a company adopted the dollar - value LIFO method. The inventory cost on this date was

On January 1,2024, a company adopted the dollar-value LIFO method. The inventory cost on this date was
$100,000. The ending inventory, valued at year-end costs, and the relative cost index for each of the next three
years is below:
What inventory balance should the company report on its 12/31/2024 balance sheet?
On January 1,2024, a company adopted the dollar-value LIFO method. The

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