SECTION 3. SCOPE

This revenue procedure applies to a taxpayer that uses the dollar-value LIFO inventory and IPIC methods pursuant to § 1.472–8(e)(3) for any taxable year in which a percent change for an index category for the 12-month period ending with the appropriate index month, as defined in § 1.472–8(e)(iii)(C) (“index month”), (or, in the case of a short taxable year, the applicable period) cannot be computed by the taxpayer in strict conformity with § 1.472–8(e)(3)(ii) or (iii) because of revisions to the CPI or PPI as described in section 2.07 of this revenue procedure (“affected index category”).