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) Your answer is correct. Compute the amount of the inventory at December 31, 2025, under the dollar-value LIFO method. (b) Inventory 12/31/25 under dollar-value LIFO method $ eTextbook and Media 310000 Inventory 12/31/26 under dollar-value LIFO method $ Attempts: 1 of 3 used On December 31, 2026, the inventory at prices existing on that date was $387,550, and the price level was 115. Compute the inventory on that date under the dollar-value LIFO method.

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 irmentory 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 LFO method eTextbook and Media Attempts: 1 of 3 used (b) On December 31,2026 , the inventory at prices existing on that date was $387.550, and the price level was 115 , Compute the inventory on that date under the dollar-value LIFO method. Inventory 12/31/26 under dollar-value LIFO method