Question
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 |
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Auditing And Accounting On Aix
Authors: IBM Redbooks
1st Edition
0738418501, 978-0738418506
