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What is the ending inventory at December

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Question - Sterling Products, Inc. adopted the dollar-value LIFO method of computing inventory on January 1, 2018. Inventory on January 1st was $360,000. Year-end inventories at year-end costs and cost indexes were as follows:

Date Inventory Year-End Costs Cost Index

2018 $430,000 1.03

2019 465,000 1.06

What is the ending inventory at December 31, 2018 and 2019 using the dollar-value LIFO method?

Reference no: EM132270511

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