Question: The dollar - value LIFO method was adopted by Oriole Corp. on January 1 , 2 0 2 5 . Its inventory on that date

The dollar-value LIFO method was adopted by Oriole Corp. on January 1,2025. Its inventory on that date was $367,700. On
December 31,2025, the inventory at prices existing on that date amounted to $347,200. The price level at January 1,2025,
was 100, and the price level at December 31,2025, was 112.
(a)
Compute the amount of the inventory at December 31,2025, under the dollar-value LIFO method.
Inventory 12/31/25 under dollar-value LIFO method
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(b)
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 The dollar-value LIFO method was adopted by Oriole Corp. on January

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