Dolan Corporation adopted the dollar-value LIFO method of inventory valuation to compute its ending inventory. Information regarding inventory for subsequent years is as follows: Inventory at Current Date Current Prices Price Index December 31, 2018 $ 220,000 100 December 31, 2019 256,800 107 December 31, 2020 290,000 125 What is the cost of the ending inventory at December 31, 2020 under dollar-value LIFO? $ 240,000 $ 231,400 $ 232.840 $232,000 Tiger Company had the following balances and transactions during 2020. Beginning inventory 10 units at $5 per unit March 10 sold 8 units for $12 per unit June 10' purchased 20 units at $8 per unit October 30 sold 15 units for $16 per unit What would the company's ending inventory amount be on the December 31, 2020 balance sheet if the LIFO cost assumption is used under a periodic inventory system? $49 $104 O $56 $35 Question 10 (3 points) A company uses the cost retail inventory method to estimate its ending inventory. The calculation of cost-to-retail ratio should include both net markups and net markdowns include net markdowns but not net markups include net markups but not net markdowns ignore both net markups and net markdowns. Previous Page Next Page Page 10 of 25 Previous Page Next Page Page 11 of 25 Question 11 (3 points) Given an interest rate of 9%, the factor for an annuity due is equal to the factor for an ordinary annuity O plus (1+9%). O multiplied by (1+9%). divided by (1+9%). minus (1+9%). Previous Page Next Page 11 of 25 Tiger Company had the following balances and transactions during 2020. Beginning inventory 10 units at $5 per unit March 10 sold 8 units for $12 per unit June 10' purchased 20 units at $8 per unit October 30 sold 15 units for $16 per unit What would the company's ending inventory amount be on the December 31, 2020 balance sheet if the LIFO cost assumption is used under a periodic inventory. system? $49 $104 O $56 ho $35