Winnebago Industries, Inc. is a leading manufacturer of motor homes. Winnebago reported ending inventory at August 29,

Question:

Winnebago Industries, Inc. is a leading manufacturer of motor homes. Winnebago reported at August 29, 2009, of $46,850,000 under the LIFO inventory method. In the notes to its financial statements, Winnebago reported a LIFO reserve of $30,346,000 at August 29, 2009. What would Winnebago Industries’ have been if it had used FIFO?

Ending Inventory
The ending inventory is the amount of inventory that a business is required to present on its balance sheet. It can be calculated using the ending inventory formula Ending Inventory Formula =...