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-   -   Dollar value LIFO method (https://www.askmehelpdesk.com/showthread.php?t=377423)

  • Jul 19, 2009, 02:46 PM
    smiley1997
    Dollar value LIFO method
    Wingers uses the dollar-value LIFO method of computing its inventory. Data for the past 3 years follow.

    Year ended December 31 Inventory at Current-year Cost Price Index
    2005 $19,750 100
    2006 21,708 108
    2007 25,935 114


    Compute the value of the 2006 and 2007 inventories using the dollar-value LIFO method?
  • Jul 20, 2009, 10:24 PM
    morgaine300

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