E8-23B (Dollar-Value LIFO) Sandberg Company has used the dollar-value LIFO method for inventory cost determination for many years.

E8-23B (Dollar-Value LIFO) Sandberg Company has used the dollar-value LIFO method for inventory cost determination for many years. The following data were extracted from Sandberg’s records.

                                         Price             Ending Inventory                  Ending Inventory

         Date                        Index                at Base Prices                at Dollar-Value LIFO

December 31,            2013 104                   $23,000                               $24,150

December 31,            2014   ?                       24,250                                 25,500

Instructions

Calculate the index used for 2014 that yielded the above results.