Solved: On january 1 2011 the haskins company adopted the, Accounting Basics

+44 141 628 6080
[email protected]

On january 1 2011 the haskins company adopted the

Question - On January 1, 2011, the Haskins Company adopted the dollar-value LIFO method for its one inventory pool. The pool's value on this date was $628,000. The 2011 and 2012 ending inventory valued at year-end costs were $860,000 and $887,000, respectively. The appropriate cost indexes are 1.16 for 2011 and 0.92 for 2012.

Calculate the inventory value at the end of 2011 and 2012 using the dollar-value LIFO method.

Solution Preview :

Prepared by a verified Expert

Accounting Basics: On january 1 2011 the haskins company adopted the

Reference No:- TGS02597776

Now Priced at $25 (50% Discount)

Recommended (94%)

Rated (4.6/5)

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Asked Questions

Investigate the cause of the recent werewolf attacks

create a temporary committee to investigate the cause of the recent werewolf attacks in major cities throughout the United States.

Describe marxist theory and psychology of addiction

Compare the Marxist Theory and Psychology of Addiction with the Realistic Theory and psychology of Addition.

Explain framers decisions in creating the constitution

Explain how the Articles of Confederation made the above scenario possible. Describe how this scenario influenced the framers' decisions in creating the Constit

Federal bureaucracy has to put up with a lot of red tape

Question: The Federal Bureaucracy has to put up with a lot of "red tape". What is "red tape" in regards to government?

What power of recognition when it comes to office president

Question: What is "power of recognition" when it comes to the office of the president? Question Select one

What right ordinance power give to the president

Question: What right does the Ordinance Power give to the president? Question Select one:

Analyze leadership of organization during particular event

Analyze leadership of an organization during a particular event or across a defined set of events. The assignment will assess your ability to identify

Solution Preview :

Prepared by a verified Expert

Accounting Basics: On january 1 2011 the haskins company adopted the

Reference No:- TGS02597776

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : If bobs spends 880 in shipping in a week how many of each

Q : Anna works on an assembly line where it takes her 20

Q : Assume an engineering company provides services for three

Q : How do you calculate proportion of debt in a market-value

Q : On january 1 2011 the haskins company adopted the

Q : How does being outside of the united states affect this

Q : Analyze the theory of emotional intelligence within the

Q : You are aware of significant problems in the rural industry

Q : If a department rate were used what amount of overhead