On January 1, Harris Corp. has 344 units of Product 1191 on hand that were purchased for $216.00 each. On May 14, Harris purchases 481 more units for $243.00 each, and on October 5, 150 more units for $262.00 each.

What is the value of the 429 units of Product 1191 Harris has on hand at December 31, assuming Harris uses FIFO?

B: Green Corp. adopts dollar-value LIFO in 2019 and reports the following:

	Inventory at current-year prices	Price index
December 31, 2019	$502,000	100
December 31, 2020	$515,000	107
December 31, 2021	$583,000	112

What amount of inventory will Green report at December 31, 2021 using dollar-value LIFO?

C:

Dort, LLC values its ending inventory at $636,000 by physical count at December 31. Goods in transit at December 31, purchased from a supplier f.o.b. destination at an invoice cost of $11,000 are not included in the count. Goods in transit at December 31, sold to a customer f.o.b. destination at an invoice cost of $40,000 are not included in the count. Goods held on consignment by Dort for Brooks, Inc. have a cost of $53,000, and are included in the count. What amount of inventory should Dort report on its December 31 balance sheet