Question: 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

please show ALL work Bramble Corp. began using dollar-value LIFO for costing 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 and the year-end price indices were 1 and 1.20, respectively. Assuming the current inventory at end of year prices equals $629750 and the index for the current year is 1.25, what is the ending inventory using dollar- value LIFO? O $543125 O $553925 O $516425 O $550175

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 price...

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...

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...

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...

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 $ 300000 and $ 450000 and the year-end price...

In 2011, the Marion Company purchased land containing a mineral mine for $1,600,000. Additional costs of $600,000 were incurred to develop the mine. Geologists estimated that 400,000 tons of ore...

These six jobs are to be scheduled on a single machine: a. Suppose the jobs are processed in numerical order. Compute the average flowtime after each job is completed. b. In what order would the jobs...

22. Time in Supermarket Checkout Lines. CCN and ActMedia provided a television channel targeted to individuals waiting in supermarket checkout lines. The channel showed news, short features, and...

P-1) (100 Pts.) A chemical manufacturing company (CMC) has a contract for the procurement of the neccssaly chemicals from four suppliers. The chemicals purchased from Supplier A are priced at $20...

4. Why is the digital divide problem an ethical dilemma? There may be only 11 players on the pitch during a match, but the Blackburn Rovers Football Club in the UK employs more than 800 people. As...

1. How does information technology affect socioeconomic disparities? Explain your answer. There may be only 11 players on the pitch during a match, but the Blackburn Rovers Football Club in the UK...

4. How have information systems affected laws for establishing accountability, liability, and the quality of everyday life?