Question
QUESTION 12 250800 Waterway Industries had January 1 inventory of $302000 when it adopted dollar-value LIFO. During the year, purchases were $1740000 and sales were
QUESTION 12 250800
Waterway Industries had January 1 inventory of $302000 when it adopted dollar-value LIFO. During the year, purchases were $1740000 and sales were $3070000.
What is Waterway Industries's ending inventory?
December 31 inventory at year-end prices was $382800, and the price index was 110.
352600
$348,000.00
$332,200.00
$382,800.00
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Cost Management
Authors: Don R Hansen, Maryanne M Mowen, Dan L Heitger
5th Edition
357141091, 978-0357141090
