On February 15, 2014, Rooker, Madras & Associates compiled the following information concerning inventory for five years.
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On February 15, 2014, Rooker, Madras & Associates compiled the following information concerning inventory for five years. They used the dollar-value LIFO retail inventory method.
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Year-End Price Index at Retail Date Layer Index Cost Percentage Dec. 31, 2009 Dec. 31, 2010 Dec. 31, 2011 Dec. 31, 2012 Dec. 31, 2013 1.00 1.04 1.14 1.12 1.16 1.00 1.02 1.09 1.11 1.12 71% 72 64 63 67 $155,000 188,600 192,500 194,200 195,800
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