Bramble Corp. had January 1 inventory of $300000 when it adopted dollar-value LIFO. During the year, purchases were $1760000 and sales were $2900000. December 31
Bramble Corp. had January 1 inventory of $300000 when it adopted dollar-value LIFO. During the year, purchases were $1760000 and sales were $2900000. December 31 inventory at year-end prices was $425600, and the price index was 112. What is Bramble Corp.s ending inventory?
|
| $300000. |
|
| $389600. |
|
| $425600. |
|
| $380000 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Authors: IBM Redbooks
1st Edition
0738418501, 978-0738418506
