(Answered) On january 1 2016 badger inc adopted the dollar-value lifo

Accounting

On January 1, 2016, Badger Inc. adopted the dollar-value LIFO method. The inventory cost on this date was $115,000. The 2016 ending inventory, valued at year-end costs, was $150,800. The relative cost index for this inventory in 2016 was 1.16.

What inventory balance should Badger report on its 12/31/16 balance sheet?

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