Question: Opera Corp. uses dollar-value LIFO method of computing its inventory cost. Use the following data to calculate the inventory balance for 2015 using dollar-value LIFO.

Opera Corp. uses dollar-value LIFO method of computing its inventory cost. Use the following data to calculate the inventory balance for 2015 using dollar-value LIFO.

Year Inventory at End-of-Year Prices Price Index

2013 $ 65,000 1.00

2014 126,000 1.05

2015 135,000 1.10

$135,000

$128,500

$122,750

$125,750

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