Assignment Detail

Tutors

What is the ending inventory using dollar – value LIFO

    Assignment Instructions

    Assignment ID: FG133051080

    Question – Michael Jones Company has adopted the dollar – value LIFO method in 2022. At December 31, 2022, the ending inventory at dollar – value LIFO is $105,000, with a price index of 1.00. At December 31, 2023, the ending inventory using FIFO is $129,000. The price index is 1.4 in 2023. Round all dollar amounts to the nearest dollar. What is the ending inventory using dollar – value LIFO at December 31, 2023?

    Need fresh solution to this Assignment without plagiarism?? Get Quote Now

    Expert Answer

    Asked by: Anonymous
    Plagiarism Checked
    Answer Rating:
    4.6/5

    Plagiarism free Answer files are strictly restricted for download to the student who originally posted this question.

    Related Assignments

    //
    Our customer support team is here to answer your questions. You can send Assignments directly to support team.
    👋 Hi, how can I help?