Question: Bramble Corp. began using dollar-value LIFO for costing its inventory two years ago. The ending inventory for the past two years in end-of-year dollars was

Bramble Corp. began using dollar-value LIFO for costing its inventory two

Bramble Corp. began using dollar-value LIFO for costing its inventory two years ago. The ending inventory for the past two years in end-of-year dollars was $302000 and $461000 and the year-end price indices were 1.0 and 1.1, respectively. Assuming the current inventory at end of year prices equals $650000 and the index for the current year is 1.15 , what is the ending inventory using dollarvalue LIFO? (Round intermediate calculations and final answer to 0 decimal places, e.g. 10,000.) $602595.$565095.$591795.$598845

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Bramble Corp. began using dollar-value LIFO for costing its inventory two years ago. The ending inventory for the past two years in end-of-year dollars was $ 302000 and $ 461000 and the year-end...

Bramble Corp. began using dollar-value LIFO for costing its inventory two years ago. The ending inventory for the past two years in end-of-year dollars was $288000 and $442000 and the year-end price...

please show ALL work Bramble Corp. began using dollar-value LIFO for costing its inventory two years ago. The ending inventory for the past two years in end-of-year dollars was $312000 and $412200...

Willy World began using dollar-value LIFO for costing its inventory two years ago. The ending inventory for the past two years in end-of-year dollars was $300,000 and $450,000 and the year-end price...

Multiple Choice Question 130 Marigold Corp. began using dollar-value LIFO for costing its inventory two years ago. The ending inventory for the past two years in end-of-year dollars was $306000 and...

Concord Corporation began using dollar-value LIFO for costing its inventory two years ago. The ending inventory for the past two years in end-of-year dollars was $288000 and $443000 and the year-end...

Concord Corporation began using dollar-value LIFO for costing its inventory two years ago. The ending inventory for the past two years in end-of-year dollars was $ 307000 and $ 449400 and the...

Oriole Company began using dollar-value LIFO for costing its inventory two years ago. The ending inventory for the past two years in end-of-year dollars was $282000 and $463000 and the year-end price...

Willy World began using dollar-value LIFO for costing its inventory two years ago. The ending inventory for the past two years in end-of-year dollars was $180,000 and $270,000 and the year-end price...

Vaughn Manufacturing began using dollar-value LIFO for costing its inventory two years ago. The ending inventory for the past two years in end-of-year dollars was $287000 and $448000 and the year-end...

What is the difference (functional group) between ephedrine (in cold medicines) and methamphetamine (crystal meth)?

Why does the auditor need to assess controls over information systems acquisition, development, and maintenance?

A bogus pipeline is a fake lie detector. True False

Discuss the policy statement concept and identify three focus areas / procedures where a clearpolicy statement / operating procedure

=+5. How can you show them their personal benefits?

=+7. How does it enhance their lifestyle?

=+Examine one long-running, multimedia campaign like Monster.com Monkeys, Absolut, Coke Polar Bears, e-Trade Talking Babies, and so on. a. Identify the main idea in the campaign. b. Decide the...