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Calculate the index used

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Question - Dollar-Value LIFO

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

Date

Price Index

Ending Inventory at Base Prices

Ending Inventory at Dollar-Value LIFO

December 31, 2009

105

$92,000

$92,600

December 31, 2010

?

98,000

99,200

Required - Calculate the index used for 2010 that yielded the above results.

Reference no: EM131788595

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