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Discuss the dollar-value lifo method

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Flint Company had ending inventory at end-of-year prices of $120,700 at December 31, 2016; $142,120 at December 31, 2017; and $158,886 at December 31, 2018. The year-end price indexes were 100 at 12/31/16, 110 at 12/31/17, and 117 at 12/31/18.

Compute the ending inventory for Flint Company for 2016 through 2018 using the dollar-value LIFO method.

Reference no: EM131797547

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