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    smiley1997's Avatar
    smiley1997 Posts: 1, Reputation: 1
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    #1

    Jul 19, 2009, 02:46 PM
    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?
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #2

    Jul 20, 2009, 10:24 PM

    Please see the guidelines for posting homework problems:
    Ask Me Help Desk - Announcements in Forum : Homework Help
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