Question: On January 1 , 2 0 1 9 , the Ulton Company had an inventory of $ 2 0 0 , 0 0 0 when

On January 1,2019, the Ulton Company had an inventory of $200,000 when it adopted dollar-value LIFO. The purchases for the year were $1,200,000, with sales of $2,000,000. The year-end inventory on December 31 was $286,720, with a price index of 112. The Ulton Company's ending inventory was
On January 1,2019, the Ulton Company had an inventory of $200,000

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