ABC Company began business in 2016. On December 31, 2016, Red\\\'s single pool of inventory was valued at $600,000, using the dollar-value LIFO inventory method. On December 31, 2017, the value of ABC\\\'s inventory at current costs was $650,000. The 2017 year-end cost index was 110. What was the value of ABC\\\'s inventory at the end of 2017, using the dollar-value LIFO method? Round to the nearest dollar on each step.

$64,999

$590,910

$664,999

$59,090

Answer rating: 100% (QA)

On 31122016 Year end inventory at current value 60... View the full answer