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On January 1, 2018, Badger Inc adopted the dollar-value LIFO method. The inventory cost on this date was $100,000. The ending Inventory, valued at year
On January 1, 2018, Badger Inc adopted the dollar-value LIFO method. The inventory cost on this date was $100,000. The ending Inventory, valued at year end costs, and the relative cost index for each of the next three years is below: Ending Inventory at Year-end year-end costs Cost Index 2019 $ 126,000 1.05 2020 130,000 1.10 2021 153,600 1.20 What inventory balance should Badger report on its 12/31/2019 balance sheet? TT T Arial 3 (12pt) TE 15
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