Question: Dollar-Value LIFO Retail Presented below is information related to Atrium Corporation. Compute the ending inventory under the dollar-value LIFO method at December 31, 2011. The

Dollar-Value LIFO Retail Presented below is information related to Atrium Corporation.

LIFO Cost Price Index Retail Inventory on December 31, 2010, When dollar-value LIFO is adopted 100 Inventory December 31

Compute the ending inventory under the dollar-value LIFO method at December 31, 2011. The cost-to-retail ratio for 2011 was 55%.

LIFO Cost Price Index Retail Inventory on December 31, 2010, When dollar-value LIFO is adopted 100 Inventory December 31, 2011 $36,000 S74,500 110 95,150

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