Question: ANSWER THE QUESTIONS THAT FOLLOW BASED ON THE BELOW On January 1, 2013, Avondale Lumber adopted the Dollar Value LIFO method The inventory value for


ANSWER THE QUESTIONS THAT FOLLOW BASED ON THE BELOW On January 1, 2013, Avondale Lumber adopted the Dollar Value LIFO method The inventory value for its one inventory pool was $ 120,000 An internally generated cost index is used to convert ending inventory to base year. Year end inventories at year end costs and cost indexes for its one inventory pool were as follows: NOTE - USE FULL DECIMAL PLACES IN YOUR CALCULATIONS BUT IN YOUR ANSWER ROUND UP TO NEAREST DOLLAR What is the ending inventory at December 31, 2015 using Dollar Value LIFO For 2015 What is the amount in base year dollars of the new layer added What is the ending inventory at December 31, 2014 using Dollar Value LIFO What is the ending inventory at December 31, 2013 using Dollar Value LIFO For 2014 what is the amount in base year dollars of the new layer added
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