11. At the end of 2016, Beta inc, adopted the dollar- value LIFO method for externally reporting its inventory. The following data was available for the two years following the adoption of dollar value life LIFO:

Ending Inventory

Year at year-end costs Price index

12/31/2016 $ 300,000 1.00

12/31/2017 $ 345,600 1.08

12/31/2018 $ 372,000 1.20

At what amount should Beta record ending inventory as of December 31, 2018 under the dollar-value LIFO method?

A.$309,600

B. $333,600

C. $312,000

D. $372,000

D. $310,800

12. Zeta company purchased equipment for $ 360,000 on June 1, 2017. The machinery has an estimated useful life of 5 years and an estimated residual value of $ 60,000. Compute the amount of depreciation expense that Zeta would report in its December 31, 2018 financial statement if it uses the double- declining method to depreciate the equipment.

A. $ 84,000

B. $ 115,200

C. $ 92,000

D. $110,400

E. $ 86,400