I Multiple Choice - New Material (3 points each ross Corporation adopted the dollar-value LIVO...
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I Multiple Choice - New Material (3 points each ross Corporation adopted the dollar-value LIVO information regarding ending inventory is as follows: lar-value LIFO method of inventory valuation on December 31, 2013 Date December 31, 2013 December 31, 2014 December 31, 2015 December 31, 2016 1.33 1.44 Inventory at Price Index Year-End Prices (base year 2013) 1.00 $71,600 1.16 125,280 123,690 144.576 What is the cost of the ending December 31, 2013 using dollar-value LIFO at is the cost of the ending inventory at Decem a. $70,000 b. $70,800 c. $71,600 d. $72,500 11. 12. the cost of the ending inventory at December 31, 2014 using dollar-value LIFOS a. $123,050 b. $125,048 c. $113,824 d. $108,000 13. What is the cost of the ending inventory at December 31, 2015 using dollar-value LIFO? a. $96,424 b. $93,000 c. $90,000 d. $100,062 What is the cost of the ending inventory at December 31, 2016 using dollar-value LIFO? a $106,266 b. $100,400 c. $105,342 d. $107,080
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