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B MC Qu.8-113(Algo) A company adopted the dollar-value LIFO... A company adopted the...

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Accounting

B MC Qu.8-113(Algo) A company adopted the dollar-value LIFO...
A company adopted the dollar-value LIFO inventory method on January 1,2024. In applying the LIFO method, the company uses internal cost indexes and the multiple-pools approach. The following data were available for Inventory Pool No.3 for the two years following the adoption of LIFO:
Year Ending Inventory Cost Index
At Year-End At Base Year Cost
1/1/2024 $ 304,500 $ 304,5001.00
12/31/2024339,675323,5001.05
12/31/2025433,100355,0001.22
Under the dollar-value LIFO method, the inventory on December 31,2025, should be:
Multiple Choice
$362,880.
$355,000.
$355,950.
None of the other answer choices are correct.

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