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Ayayai Corporation adopted the dollar-value LIFO retail inventory method on January 1, 2024. At that time the inventory had a cost of $132,588 and
Ayayai Corporation adopted the dollar-value LIFO retail inventory method on January 1, 2024. At that time the inventory had a cost of $132,588 and a retail price of $228,600. The following information is available: Year-End Inventory at Retail Current Year Cost-Retail% Year-End Price Index 2024 $261,800 60% 106 2025 304,400 62% 109 2026 279,200 62% 111 2027 322,800 56% 121 The price index at January 1, 2024, is 100. Compute the ending inventory at December 31 of the years 2024-2027. (Round ratios for computational purposes to 1 decimal place, e.g. 78.7% and final answers to O decimal places, e.g. 28,987.) Ending inventory $ 2024 161933 $ 2025 267332 $ 2026 182022 $ 2027
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