Answered You can buy a ready-made answer or pick a professional tutor to order an original one.
Ashbrook Company adopted the dollar-value LIFO method on January 1, 2014 (using internal price indexes and multiple pools). The following data are available for inventory pool A for the 2 years follow
Ashbrook Company adopted the dollar-value LIFO method on January 1, 2014 (using internal price indexes and multiple pools). The following data are available for inventory pool A for the 2 years following adoption of LIFO.
InventoryAt Base-Year CostAt Current-Year Cost
1/1/14$200,000$200,000
12/31/14240,000264,000
12/31/15256,000286,720
Computing an internal price index and using the dollar-value LIFO method, at what amount should the inventory be reported at December 31, 2015?(Round price index and dollar-value LIFO inventory to 0 decimal places, e.g. 162.)
December 31, 2015
Price Index
Dollar-value LIFO inventory
- @
- 165 orders completed
- ANSWER
-
Tutor has posted answer for $40.00. See answer's preview
********* ** ******** price ***** *** using the ******