Redford Company had January 1 inventory of $300,000 when it adopted dollar-value LIFO. During the year, purchases
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Redford Company had January 1 inventory of $300,000 when it adopted dollar-value LIFO. During the year, purchases were $1,800,000 and sales were $3,000,000. December 31 inventory at year-end prices was $430,080, and the price index was 115. How much is Redford's ending inventory at December 31? NOTE: Show your work and label your numbers. Round all calculations to whole dollars.
Related Book For
Intermediate Accounting
ISBN: 978-0324300987
10th Edition
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
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