24. Del Bosque Co. began using dollar-value LIFO for costing its inventory two years ago. The ending inventory for the past two years in end-of-year dollars was S100,000 and S150,000 and the year-end price indices were 1.0 and 1.2, respectively. Assuming the current İnventory at end of year prices equals $215,000 and the index for the current year is 1.25, what is the ending inventory using dollar-value LIFO? a. $177,500 b. $186,400. c. $190,000. d. $188,750.
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24. Del Bosque Co. began using dollar-value LIFO for costing its inventory two years ago. The ending inventory for the past two years in end-of-year dollars was S100,000 and S150,000 and the year-end price indices were 1.0 and 1.2, respectively. Assuming the current İnventory at end of year prices equals $215,000 and the index for the current year is 1.25, what is the ending inventory using dollar-value LIFO? a. $177,500 b. $186,400. c. $190,000. d. $188,750.
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