Question: On January 1 , 2 0 2 4 , a company adopted the dollar - value LIFO inventory method. The inventory value for its one

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 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:
\table[[\table[[Year Ended],[December 31]],\table[[Inventory],[Year-End Costs]],\table[[Cost Index (Relative to],[Base Year)]]],[2024,$340,000,1.02],[2025,350,000,1.06],[2026,400,000,1.07],[2027,430,000,1.10]]
Required:
Calculate inventory amounts at the end of each year.
Note: Round intermediate calculations and final answers to the nearest whole dollars.
\table[[Date,\table[[Inventory Layers Converted to],[Base Year Cost]],Inventory Layers Converted to Cost,\table[[Inventory DVL],[Cost]]],[\table[[Inventory at],[Year-End Cost]],\table[[Inventory],[Layers at Base],[Year Cost]],,\table[[Inventory],[Layers at Base],[Year Cost]],\table[[Inventory],[Layers],[Converted to],[Cost]]],[01/01/2024,,,Base,,,],[12/31/2024,,,Base,,,],[,,2024,,,],[1231?2025,,,Base,,,],[,,2024,,,],[,,2025,,,],[12/31/2026,,,Base,,,],[,,2024,,,],[,,2025,,,],[,,2026,,,],[1231?2027,,,Base,,,],[,,2024,,,],[,,2025,,,],[,,2026,,,],[,,2027,,,]]
 On January 1,2024, a company adopted the dollar-value LIFO inventory method.

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