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Presented below is information related to Larkspur Corporation. Price Index LIFO Cost Retail Inventory on December...

Presented below is information related to Larkspur Corporation.

Price Index

LIFO Cost

Retail
Inventory on December 31, 2017,
  when dollar-value LIFO is adopted 100 $34,200 $77,200
Inventory, December 31, 2018 110 ? 97,240


Compute the ending inventory under the dollar-value LIFO method at December 31, 2018. The cost-to-retail ratio for 2018 was 60%.

Ending inventory under the dollar-value LIFO method at December 31, 2018
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