Question - The following data are related to Copy, Paste, and Attach (CPA) Corp's Ending Inventory (Inventory is valued as of December 31 of each year provided, which is CPA Corp's year-end):
|
Year
|
Price Index
|
Inventory at End-of-Year Prices
|
|
2015
|
100
|
$186122
|
|
2016
|
125
|
$282078
|
|
2017
|
150
|
$306863
|
Using the dollar-value LIFO method, what is the value of CPA Corp's ending inventory on December 31, 2017?