Ashbrook company adopted the dollar-value lifo method

Assignment Help Accounting Basics

Reference no: EM131107560

Ashbrook Company adopted the dollar-value LIFO method on January 1, 2014 (using internal price indexes and multiple pools). The following data are available for inventory pool A for the 2 years following adoption of LIFO.
Computing an internal price index and using the dollar-value LIFO method, at what amount should the inventory be reported at December 31, 2015? (Round price index and dollar-value LIFO inventory to 0 decimal places, e.g. 162.) Need help calculating Dollar Value LIFO inventory.

Inventory	At Base Year Cost	At Current Year Cost
1/1/14	226,000	226,000
12/31/14	242,000	290,400
12/31/15	265,000	325,950

Reference no: EM131107560

Questions Cloud

Calculate the total overhead assigned to each product : Tristar Manufacturing produces two types of battery-operated toy soldiers: infantry and special forces. The soldiers are produced by using one continuous process. Four activities have been

Describe the normal function of these three systems : Analyze actions people can take to reduce their risk of developing the chronic disease or disorder. Briefly explain how these actions would impact the environment.

What would be the actuarially fair premium for each group : If an insurance company were offering life insurance to the entire group, but could not find out about family cancer histories, what would be the actuarially fair premium for the group as a whole? c. What will happen to the insurance company if it..

Evaluate return on equity for the company : Evaluate Return on Equity for the company for the last three years using the DuPont analysis. Compare the company's results to a major competitor.

Ashbrook company adopted the dollar-value lifo method : Ashbrook Company adopted the dollar-value LIFO method on January 1, 2014 (using internal price indexes and multiple pools). The following data are available for inventory pool A for the 2 years following adoption of LIFO.

Analysis of leadership traits styles and behavior : This assessment requires students to create their own leadership portfolio and action plan. Through discussion and analysis of leadership traits, styles and behavior, students will have an opportunity to reflect upon their own leadership capabilit..

Implementing corporate strategies for business : Suppose you are a senior manager, you are implementing corporate strategies for business

What is ironsteel argument in rebuttal : What are the arguments that the 10 strike replacements will make? Were their terminations legal? Will the Union represent the 10 strike replacements? Are their grievances permitted? What is Ironsteel's argument in rebuttal?

User Account

All Pages