Assignment Help - homework help

Kingston company uses the dollar-value lifo method of


Kingston Company uses the dollar-value LIFO method of computing inventory. An external price index is used to convert ending inventory to base year. The company began operations on January 1, 2011, with an inventory of $150,000. Year-end inventories at year-end costs and cost indexes for its one inventory pool were as follows:

2191_254-B-A-V-I (732).png

Required:

Calculate inventory amounts at the end of each year.

Solution Preview :

Prepared by a verified Expert
Accounting Basics: Kingston company uses the dollar-value lifo method of
Reference No:- TGS01347635

Now Priced at $10 (50% Discount)

Recommended (93%)

Rated (4.5/5)