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Assume the ending inventory values at current prices are as follows: 12/31/20X1 inventory at current...

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Accounting

Assume the ending inventory values at current prices are as follows: 12/31/20X1 inventory at current prices= $100,000 = Base year 12/31/20X2 inventory at current prices = $150,000 Compute dollar value LIFO inventory for 20X2 assuming inflation was 3% during the year.

A) $45,631

B) $47,000

C) $100,000

D) $147,000

E) $150,000

F) $154,500

Please show work. thanks

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