subject
Business, 24.04.2020 20:22 egardner4667

Bond Company adopted the dollar-value LIFO inventory method on January 1, 2021. In applying the LIFO method, Bond uses internal cost indexes and the multiple-pools approach. The following data were available for Inventory Pool No. 3 for the two years following the adoption of LIFO: Ending Inventory Year At Year-End At Base Year Cost Cost Index 1/1/2021 $ 305,000 $ 305,000 1.00 12/31/2021 335,920 323,000 1.04 12/31/2022 436,760 358,000 1.22 Under the dollar-value LIFO method, the inventory at December 31, 2022, should be

ansver
Answers: 2

Other questions on the subject: Business

image
Business, 22.06.2019 15:20, amulets5239
Sauer food company has decided to buy a new computer system with an expected life of three years. the cost is $440,000. the company can borrow $440,000 for three years at 14 percent annual interest or for one year at 12 percent annual interest. assume interest is paid in full at the end of each year. a. how much would sauer food company save in interest over the three-year life of the computer system if the one-year loan is utilized and the loan is rolled over (reborrowed) each year at the same 12 percent rate? compare this to the 14 percent three-year loan.
Answers: 3
image
Business, 22.06.2019 20:00, zay12350
Which motion below could be made so that the chair would be called on to enforce a violated rule?
Answers: 2
image
Business, 23.06.2019 00:30, hannahbear3747
In a recent annual report, apple computer reported the following in one of its disclosure notes: "warranty expense: the company provides currently for the estimated cost for product warranties at the time the related revenue is recognized." this note exemplifies apple's use of: (a) conservatism.(b) matching. (c) realization principle. (d) economic entity.
Answers: 2
image
Business, 23.06.2019 16:40, arslza6
One of carl's department employees was severely injured on the job. carl has called in psychological counselors to talk to the other employees and scheduled a series of safety trainings for the department to be completed by the end of the week. he has also asked the hr personnel to talk to the department about the disability insurance that the company offers and make sure that his employees know what is available. carl is using to cope with the stress caused by his employee's injury.
Answers: 2
You know the right answer?
Bond Company adopted the dollar-value LIFO inventory method on January 1, 2021. In applying the LIFO...

Questions in other subjects:

Konu
Social Studies, 16.11.2020 21:00
Konu
Mathematics, 16.11.2020 21:00
Konu
Mathematics, 16.11.2020 21:00