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Tarheel company uses dollar value lifo for their inventory


Question - Tarheel Company uses dollar value LIFO for their inventory.  They began this in 2013 and made 2013 the base year of 100.  Below are the inventories at year end costs and before adjustment to dollar value LIFO for 2013, 2014, and 2015.

Inventory balance                         Price Level Index                   Dollar value LIFO

2013      $100,000                          100                                          $100,000

2014      $145,000                          110

2015      $  90,000                          115

Determine the dollar value LIFO inventory for 2015.

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Accounting Basics: Tarheel company uses dollar value lifo for their inventory
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