Marigold Company has used the dollar-value LIFO method for inventory cost determination for many years. The following data were extracted from Marigold’s records. Date   PriceIndex   Ending Inventoryat Base Prices   Ending Inventoryat Dollar-Value LIFO December 31, 2017   105   $92,730   $86,050 December 31, 2018   ?   97,730   91,900 Calculate the index used for 2018 that yielded the above results. Index used for 2018

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Marigold Company has used the dollar-value LIFO method for inventory cost determination for many years. The following data were extracted from Marigold’s records.

Date
 
Price
Index
 
Ending Inventory
at Base Prices
 
Ending Inventory
at Dollar-Value LIFO
December 31, 2017   105   $92,730   $86,050
December 31, 2018   ?   97,730   91,900


Calculate the index used for 2018 that yielded the above results.

Index used for 2018  
 
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