What is the 2012 inventory balance using dollar-value LIFO
1. What is the cost of the ending inventory at December 31, 2012 under dollar-value LIFO?
a. $256,240.
b. $254,800.
c. $250,000.
d. $263,400.
2. Wise Company adopted the dollar-value LIFO method on January 1, 2010, at which time its inventory consisted of 6,000 units of Item A @ $5.00 each and 3,000 units of Item B @ $16.00 each. The inventory at December 31, 2010 consiste ...
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06 May 2016