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Compute the ending inventory for midori company

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1. Midori Company had ending inventory at end-of-year prices of $100,000 at December 31, 2009; $119,900 at December 31, 2010; and $134,560 at December 31, 2011. The year-end price indexes were 100 at 12/31/09, 110 at 12/31/10, and 116 at 12/31/11. Compute the ending inventory for Midori Company for 2009 through 2011 using the dollar-value LIFO method. 

Reference no: EM131113792

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