Question
Question 10 Sunland Company began using dollar-value LIFO for costing its inventory last year. The base year layer consists of $606000. Assuming the current inventory
Question 10
Sunland Company began using dollar-value LIFO for costing its inventory last year. The base year layer consists of $606000. Assuming the current inventory at end of year prices equals $831000 and the index for the current year is 1.2, what is the ending inventory using dollar-value LIFO?
|
| $692500. |
|
| $831000. |
|
| $997200. |
|
| $709800. |
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Modern Auditing
Authors: Graham Cosserat
2nd Edition
0470863226, 978-0470863220
