Carswell Electronics adopted the dollar-value LIFO method on January 1, 2016, when the inventory value of its one inventory pool was S850,00

Chrome File Edit View History Bookmarks People Window Help イ令5796 T-ET] Tue 1:57:57 AM Nupur Kaur Q。E ● N Netflix 4. x E, Forum: Yo × ) Pinterest × Peoria Emx @ Spinbot.c × . Cengage × : Cengage: x D chapter ε × R Facebook x e Accountir x、 Divyot ← ⓘ ezto.mheducation.com/hm.tpx Apps 。▶ Non Stop Bhangr N Netflix O Learn Kirtan : Deh s...-online books Course: F 17 Planeta-.. Cengage NOWV2 | A...。(1) Old Bollywood s.. Other Bookmarks value: 10.00 points Carswell Electronics adopted the dollar-value LIFO method on January 1, 2016, when the inventory value of its one inventory pool was S850,000. The company decided to use an external index, the Consumer Price Index (CPI), to adjust for changes in the cost level. On January 1, 2016, the CPl was 200. On December 31, 2016, inventory valued at year-end cost was $1,023,000 and the CPI was 220 Required: Calculate the inventory value at the end of 2016 using the dollar-value LIFO method Ending Inventory Layers Converted to Base Year Cost Inventory Layers Converted to Cost Inventory DVL Cost Inventory at Year- End Cost Year-End Cost Index Year-End Cost Index Inventory Layers Converted to Cost Inventory Layers at Base Year Cost Date Layers at Base Year Cost Base Base 2016 01/01/2016 12/31/2016 39

Carswell Electronics adopted the dollar-value LIFO method on January 1, 2016, when the inventory value of its one inventory pool was S850,000. The company decided to use an external index, the Consumer Price Index (CPI), to adjust for changes in the cost level. On January 1, 2016, the CPl was 200. Calculate the inventory value at the end of 2016 using the dollar-value LIFO method.

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