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Compute the inventory-carla vista company

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Reference no: EM132420324

Carla Vista Company manufactures one product. On December 31, 2019, Carla Vista adopted the dollar-value LIFO inventory method. The inventory on that date using the dollar-value LIFO inventory method was $960,000. Inventory data are as follows:

Year Inventory at year-end prices Price index (base year 2019)

2020 $1,285,200 1.05

2021 1,840,000 1.15

2022 1,930,000 1.25

Compute the inventory at December 31, 2020, 2021, and 2022, using the dollar-value LIFO method for each year.

  • Inventory at December 31, 2020$
  • Inventory at December 31, 2021$
  • Inventory at December 31, 2022$

Reference no: EM132420324

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