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please show ALL work Bramble Corp. began using dollar-value LIFO for costing its inventory two years ago. The ending inventory for the past two years
please show ALL work
Bramble Corp. began using dollar-value LIFO for costing its inventory two years ago. The ending inventory for the past two years in end-of-year dollars was $312000 and $412200 and the year-end price indices were 1 and 1.20, respectively. Assuming the current inventory at end of year prices equals $629750 and the index for the current year is 1.25, what is the ending inventory using dollar- value LIFO? O $543125 O $553925 O $516425 O $550175Step by Step Solution
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