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April 16, 2014

Homework Help: Accounting

Posted by Gurtie on Monday, May 12, 2008 at 11:41pm.

(Dollar-Value LIFO) Presented below is information related to Dino Radja Company.
Ending Inventory Price
Date (End-of-Year Prices) Index
December 31, 2004 $ 80,000 100
December 31, 2005 115,500 105
December 31, 2006 108,000 120
December 31, 2007 122,200 130
December 31, 2008 154,000 140
December 31, 2009 176,900 145
Instructions
Compute the ending inventory for Dino Radja Company for 2004 through 2009 using the dollar-value
LIFO method.

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