Question: willy world began using dollar value LIFO for costing its inventory teo years ago. the ending inventory for the past two years in the end
willy world began using dollar value LIFO for costing its inventory teo years ago. the ending inventory for the past two years in the end of year dollars was $120000 and $180000 and the year end price indice were 1.0 and 1.2 respectively. assuming the current inventory at the end of year prices queals $258000 and the index for the current year is 1.25, what is the ending inventory using dollar-value LIFO?
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