Question
On December 31, 2021, Barbapapa Company adopted the dollar-value LIFO inventory method. Inventory at the end of 2021 for its only inventory pool was $600,000.
On December 31, 2021, Barbapapa Company adopted the dollar-value LIFO inventory method. Inventory at the end of 2021 for its only inventory pool was $600,000. At the end of 2022, inventory at year-end cost is $806,400 and the cost index is 1.05. Inventory at the end of 2022 at dollar-value LIFO cost is: a. $750,000 b. $768,000 c. $806,400 d. $776,400. Please explain answer
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Cost Accounting Fundamentals Essential Concepts And Examples
Authors: Steven M. Bragg
3rd Edition
0980069998, 978-0980069990
