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please asap. Bonita Industries adopted the dollar value LIFO method of inventory valuation on December 31, 2019. its inventory at that date was $1103000 and
please asap.
Bonita Industries adopted the dollar value LIFO method of inventory valuation on December 31, 2019. its inventory at that date was $1103000 and the relevant price index was 100. Information regarding inventory for subsequent years is as follow Date December 31, 2020 December 31, 2021 December 31, 2022 Inventory at Current Prices 51284000 1458000 1627000 Current Price Index 106 124 129 What is the cost of the ending inventory at December 31, 2021 under dollar-value LiFor Round intermediate calculations and final answer to decimal places es 10.000) $1172806 51180174 51211321 $1175006 Step by Step Solution
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