Aber Company manufactures one product. On December 31, 2016, Aber adopted the dollar-value LIFO inventory method. The inventory on that date using the dollar-value LIFO inventory method was $900,000. Inventory data are as follows:

Year		Inventory at year-end prices			Price index (base year 2016)
2017		$1,260,000			1.05
2018		1,840,000			1.15
2019		1,900,000			1.25

Compute the inventory at December 31, 2017, 2018, and 2019, using the dollar-value LIFO method for each year.

Transcribed Image Text:

Inventory at December 31, 2017 Inventory at December 31, 2018 Inventory at December 31, 2019 $ $ $ Inventory at December 31, 2017 Inventory at December 31, 2018 Inventory at December 31, 2019 $ $ $

Answer rating: 100% (QA)

Aber Company DollarValue LIFO Computations at December 31 2017 2018 and 2019 endin... View the full answer