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Ashbrook Company adopted the dollar-value LIFO method on January 1, 2017 (using internal price indexes and multiple pools). The following data are available for inventory
Ashbrook Company adopted the dollar-value LIFO method on January 1, 2017 (using internal price indexes and multiple pools). The following data are available for inventory pool A for the 2 years following adoption of LIFO. Inventory 1/1/17 12/31/17 12/31/18 At Base-Year Cost dollar 200.000 240.000 256.000 At Current Year Cost dollar 200,000 264,000 286.720 Computing an internal price index and using the dollar-value LIFO method, at what amount should the inventory be reported at December 31, 2018? Donovan Inc., a retail store chain, had the following information in its general ledger for the year 2018. Merchandise purchased for resale Interest on notes payable to vendors Purchase returns Freight-in Freight-out (delivery expense) Cash discounts on purchases dollar 909.400 8, 700 16, 500 22,000 17, 100 6, 800 What is Donovan's inventoriable cost for 2018
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