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Cheyenne Company adopted the dollar-value LIFO method on January 1, 2020 (using internal price indexes and multiple pools). The following data are available for inventory
Cheyenne Company adopted the dollar-value LIFO method on January 1, 2020 (using internal price indexes and multiple pools). The following data are available for inventory pool A for the 2 years following adoption of LIFO. At Base-Year Cost At Current-Year Cost Inventory 1/1/20 $218,200 $218,200 12/31/20 231,000 254,100 12/31/21 252,800 288,192 Computing an internal price index and using the dollar-value LIFO method, at what amount should the inventory be reported at December 31, 2021? December 31, 2021 Price Index 114 Dollar-value LIFO inventory
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