on january 1 2009 the sato company adopted the dollars value lifo method of inventor 492417
On January 1, 2009, the Sato Company adopted the dollars value LIFO method of inventory costing the company ending inventory records appears as follows:
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on january 1 2009 the sato company adopted the dollars value lifo method of inventor 492417
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|
Year |
Current |
Index cost |
|
|
2009 |
40,000 |
100 |
|
|
2010 |
56,100 |
120 |
|
|
2011 |
58,500 |
130 |
|
|
2012 |
70,000 |
140 |
Required:
Compute the ending inventory for the years 2009, 2010, 2011, and 2012 using the dollar value LIFO methods
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