Brief Exercise 6-9

Winnebago Industries, Inc. is a leading manufacturer of motor homes. Suppose Winnebago Industries, Inc. reported ending inventory at August 29, 2017, of $44,946,000 under the LIFO inventory method. In the notes to its financial statements, assume Winnebago Industries, Inc. reported a LIFO reserve of $30,649,000 at August 29, 2017. What would Winnebago Industries, Inc.'s ending inventory have been if it had used FIFO?

2017 ending inventory assuming FIFO