Company P has the following inventory information:
Date
Ending Inventory
(End-of-Year Prices)
Price
Index
December 31, 2021
$ 85,600
100
December 31, 2022
99,100
111
Use the dollar-value LIFO method to compute the ending inventory for 2022.
A. $99,684
B. $89,684
C. $112,884
D. $109,884