Superior Camera Shop began using the dollar-value LIFO method in 2006 when its ending inventory was coasted at $50,000. The 2007 ending inventory at year-end prices was $54,000. Calculate Superior Camera Shop s increase or decrease of inventory in real terms assuming 106 percent is an appropriate price index.

Answer rating: 100% (QA)

Superior Cameya Shop using dollay Value LIFO methed Ending Pnventory Ending inventory 2006 500 54000 ... View the full answer