Pampp products implemented dollar value lifo inventory

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P&P products implemented Dollar Value LIFO inventory valuation in 2009, when their ending inventory was $650,000. The following are the inventory amounts for an ingredient used in packaging for 20 nyears 2010-2014:

Year              Inventory at the end of year pricing                             Price Index

2010                             697,200                                                         105

2011                             795,800                                                         115

2012                            805,200                                                         120

2013                           856,500                                                           125

2014                           901,800                                                           135

1. Calculate the ending inventory for years 2009- 2014 using Dollar Value LIFO (show work)

Reference no: EM13581569

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