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What is the value of Mallie Cos ending inventory

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Reference no: EM132531944

Question - Mallie Co. uses the dollar-value LIFO inventory method. Inventory of January 1, 2018 was $100,000 at base year prices. Inventory on December 31, 2018 was $160,000 at base year prices and was $200,000 at actual prices. What is the value of Mallie Co.'s ending inventory?

a. $160,000

b. $175,000

c. $200,000

d. $275,000

e. none of these

Reference no: EM132531944

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