Alster Corporation adopted the dollar-value LIFO method of inventory valuation on December 31, 2015. Its inventory at that date was $110,000 and the relevant price index was 100. Information regarding inventory is as follows: Date Inventory at Current Prices Current Price Index 12/31/15 $110,000 100 12/31/16 $128,400 107 12/31/17 $145,000 125 12/31/18 $169,000 130 What is the ending inventory at cost for December 31, 2015 through 2018 using Dollar Value LIFO?
Alster Corporation adopted the dollar-value LIFO method of
Date Inventory at Current Prices Current Price Index
12/31/15 $110,000 100
12/31/16 $128,400 107
12/31/17 $145,000 125
12/31/18 $169,000 130
What is the ending inventory at cost for December 31, 2015 through 2018 using Dollar Value LIFO?
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