subject
Business, 12.03.2021 15:40 nel83

Carswell Electronics adopted the dollar-value LIFO method on January 1, 2021, when the inventory value of its one inventory pool was $750,000. The company decided to use an external index, the Consumer Price Index (CPI), to adjust for changes in the cost level. On January 1, 2021, the CPI was 220. On December 31, 2021, inventory valued at year-end cost was $913,000 and the CPI was 242. Required: Calculate the inventory value at the end of 2021 using the dollar-value LIFO method. (Round "Year end cost index" to 2 decimal places.)

ansver
Answers: 2

Other questions on the subject: Business

image
Business, 22.06.2019 15:20, sgalvis455
Abank has $132,000 in excess reserves and the required reserve ratio is 11 percent. this means the bank could have in checkable deposit liabilities and in (total) reserves.
Answers: 3
image
Business, 22.06.2019 16:00, hany90
Arnold rossiter is a 40-year-old employee of the barrington company who will retire at age 60 and expects to live to age 75. the firm has promised a retirement income of $20,000 at the end of each year following retirement until death. the firm's pension fund is expected to earn 7 percent annually on its assets and the firm uses 7% to discount pension benefits. what is barrington's annual pension contribution to the nearest dollar for mr. rossiter? (assume certainty and end-of-year cash flows.)
Answers: 2
image
Business, 22.06.2019 22:00, Kira4585
Retail industry fundamentals credential exam, part 1 all answers
Answers: 3
image
Business, 23.06.2019 00:00, AaronMicrosoft15
Winston churchill's stamp collection was valued at $14 million when he died. at auction, it brought in only $4 million. what was it worth? why?
Answers: 3
You know the right answer?
Carswell Electronics adopted the dollar-value LIFO method on January 1, 2021, when the inventory val...

Questions in other subjects:

Konu
Mathematics, 02.11.2020 19:50
Konu
Social Studies, 02.11.2020 19:50
Konu
History, 02.11.2020 19:50