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DETAILS Under the last-in, first-out (LF) inventory valuation method, a price index for inventory must be established for tax purposes. The quantity weights are based

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DETAILS Under the last-in, first-out (LF) inventory valuation method, a price index for inventory must be established for tax purposes. The quantity weights are based on year-ending inventory levels MYN Unit Price (S) Product Ending Inventory Beginning Ending 500 0.17 B 50 1.40 C 100 4.50 D 60 11.00 13.20 Use the beginning-of-the-year priceperunt as the base period price and develop a whoregate Index for the inventory value at the end of the year (Round your answer to the nearest integer) 1

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