Solution-Calculate the index, Oasis Company has used the

Calculate the index

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Reference no: EM132590807

Question - Dollar-Value-LIFO

Oasis Company has used the dollar-value LIFO method for inventory cost determination for many years. The following data were extracted from Oasis' records.

Date	Price Index	Ending Inventory at Base Prices	Ending Inventory at Dollar-Value LIFO
December 31, 2020	105	$92,000	$92,600
December 31, 2021	?	97,000	98,350

Instructions - Calculate the index used for-2021 that yielded the above results.

Reference no: EM132590807

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Calculate the index : Oasis Company has used the dollar-value LIFO method for inventory cost determination for many years. Calculate the index

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Calculate the index

Reference no: EM132590807

Reference no: EM132590807

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