Ashbrook Company adopted the dollar-value LIFO method on January 1, 2014 (using internal price indexes and multiple pools). The following data are available for inventory pool A for the 2 years following adoption of LIFO.

InventoryAt Base-Year CostAt Current-Year Cost

1/1/14$200,000$200,000

12/31/14240,000264,000

12/31/15256,000286,720

Computing an internal price index and using the dollar-value LIFO method, at what amount should the inventory be reported at December 31, 2015?(Round price index and dollar-value LIFO inventory to 0 decimal places, e.g. 162.)

December 31, 2015

Price Index

Dollar-value LIFO inventory

 

“Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!”

The post Ashbrook Company adopted the dollar-value LIFO method on January 1, 2014 (using internal price indexes and multiple pools). The following data are available for inventory pool A for the 2 years follow appeared first on Graduate Paper Help.

 

"Get 20% OFF on a Similar Assignment!! Place Your Order and Use this Coupon Code: SUPER20"

buy custom essays