Dollar-Value LIFO Method


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Dollar-Value LIFO Method 1 answer below ยป Part A. Judd Company has a beginning inventory in year one of $500,000 and an ending inventory of $605,000. The price level has increased from 100 at the beginning year to 110 at the end of the year one. Calculate the ending inventory under the dollar-value LIFO method Part B. At the end of year two, Judd’s inventory is $713,000 in terms of a price level 115 which exists at the end of year two. Calculate the inventory at the end of continuing the use of the dollar-value LIFO method Dec 09 2013 03:09 PM

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