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I am trying to calculate ending inventory using the dollar-value LIFO method to compute the ending inventory fora company for 2013 through 2017. I am
I am trying to calculate ending inventory using the dollar-value LIFO method to compute the ending inventory fora company for 2013 through 2017.
I am having a hard time calculating the ending inventory for 2015. Here is my calculation, I come up with 90749 - but it's not correct. Can you please help?
113,446 1.31 86,600 2015 Inventory base amount
88,600 2014 Inventory base amount
-2,000
1 63,500 63500
1.19 25100 29869
1.31 -2000 -2620
90749
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