Carla Vista Corporation adopted the dollar-value LIFO method of inventory valuation on December 31, 2024. Its...
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Carla Vista Corporation adopted the dollar-value LIFO method of inventory valuation on December 31, 2024. Its inventory at that date was $1105000 and the relevant price index was 100. Information regarding inventory for subsequent years is as follows: Inventory at Date Current Prices Current Price Index December 31, 2025 $1275000 106 December 31, 2026 1450000 124 December 31, 2027 1628000 129 What is the cost of the ending inventory at December 31, 2027 under dollar-value LIFO? (Round intermediate calculations and final answer to O decimal places, eg. 10,000.) Carla Vista Corporation adopted the dollar-value LIFO method of inventory valuation on December 31, 2024. Its inventory at that date was $1105000 and the relevant price index was 100. Information regarding inventory for subsequent years is as follows: Inventory at Date Current Prices Current Price Index December 31, 2025 $1275000 106 December 31, 2026 1450000 124 December 31, 2027 1628000 129 What is the cost of the ending inventory at December 31, 2027 under dollar-value LIFO? (Round intermediate calculations and final answer to O decimal places, eg. 10,000.)
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