Polson Company adopted the dollarvalue LIFO method for inventory valuation at the beginning of 2015 The following information about the inventory at the end of each year is available from Polsons records Year Current Cost Index 2014 51000 100 2015 62000 108 2016 71000 115 2017 74000 124 2018 79000 136 Required 1 Prepare a ninecolumn worksheet in order to determine the dollarvalue LIFO inventory at the end of each year 2 Prepare the appropriate disclosures for the 2018 annual report if Polson

Answer rating: 100% (QA)

Year Inventory at year end prises Price Index Inventory at base year p... View the full answer