Solution-Calculate inventory amounts at the end of each year

Calculate inventory amounts at the end of each year

Reference no: EM131000556

On January 1, 2011, Avondale Lumber adopted the dollar-value LIFO inventory method. The inventory value for its one inventory pool on this date was $260,000. An internally generated cost index is used to convert ending inventory to base year. Year-end inventories at year-end costs and cost indexes for its one inventory pool were as follows:

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Required:

Calculate inventory amounts at the end of each year.

Reference no: EM131000556

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Calculate inventory amounts at the end of each year : An internally generated cost index is used to convert ending inventory to base year. Year-end inventories at year-end costs and cost indexes for its one inventory pool were as follows:

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Calculate inventory amounts at the end of each year

Reference no: EM131000556

Reference no: EM131000556

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