Question: i only need help with the 6 highlighted lines. please help On January 1, 2024, a Company adopted the dollor-value LIFO method for its one

i only need help with the 6 highlighted lines. please help

On January 1, 2024, a Company adopted the dollor-value LIFO method for its one inventory pool The pool's value on this date was $700,000. The 2024 and 2025 ending inventory valued at year-end costs were $741,000 and $819,000, respectively. The appropriate cost indexes are 104 for 2024 and 105 for 2025 Required: Complete the beiow table to calculate the inventory value at the end of 2024 and 2025 using the dollarvalue LIFO method: Note: Round "Year end cost index" to 2 decimal ploces. Round other final answer values to the nearest whole dollars

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!

On January 1, 2024, a company adopted the dollar-value LIFO inventory method. The inventory value for its one inventory pool on this date was $265,000. An internally generated cost index is used to...

P 8-15 Dollar-value LIFO ( LO8-8 On January 1. 2024, a company adopted the dollarvalue LIFO inventory method. The inventory value for its one inventory pool on this date Was $260.000. An intecrnally...

On January 1, 2024, company adopted the doliar-value LIFO inventory method. The inventory value for its one inventary pool on thi date was $330,000. An internally generated cost index is used to...

On January 1, 2024, a company adopted the dollar-value LIFO inventory method. The inventory value for its one inventory pool on this date was $330,000. An internally generated cost index is used to...

n January 1, 2024, a company adopted the dollar-value LIFO inventory method. The inventory value for its one inventory pool on this ate was $350,000. An internally generated cost index is used to...

On January 1, 2024, a company adopted the dollar-value LIFO inventory method. The inventory value for its one inventory pool on this date was $310,000. An internally generated cost index is used to...

PLEASE POST IN SAME FORMAT On January 1, 2024, a company adopted the dollar-value LIFO inventory method. The inventory value for its one inventory pool on this date was $260,000. An internally...

Problem 8-15 (Algo) Dollar-value LIFO [LO8-8] On January 1, 2024, a company adopted the dollar-value LIFO inventory method. The inventory value for its one inventory pool on this date was $270,000....

In 2015, Naning Corporation incurred direct manufacturing costs of $49 per unit and manufacturing overhead costs of $500,000. The production activity for the four quarters of 2015 follows: Required...

Firm XYZ expects to earn $6 per share next year. In the next three years, the firms ROE is expected to be 12%, 15%, and 18%, respectively, and its dividend payout ratio is 90%. After that, the firm's...

Employee Deferrals - limited per year to the following amoounts Tax Impact - Pre - tax funds are not currently subject to federal income tax and state income tax - These deferral amounts are subject...

VA18-44. Cost Data to Harman Greeting department stores each design. The to be valuable average batch consi and so forth. Fol Management Application ata for Financial Reporting and Special Order...

Create hy being extemfllly open: How can I [aim find change?

Colldhorte by heing otherfiemeci: Vhat cain I de to help others sdtsfi their legifimfite needs, felings, find maints?

12. Consider two possibilities: (i) A bank is forced to close even though there is no good reason for it to close; (ii) A bank remains open even though there are good reasons for it to close. a....