Ashbrook company adopted the dollar-value lifo method

Reference no: EM131107560

Ashbrook Company adopted the dollar-value LIFO method on January 1, 2014 (using internal price indexes and multiple pools). The following data are available for inventory pool A for the 2 years following adoption of LIFO.
Computing an internal price index and using the dollar-value LIFO method, at what amount should the inventory be reported at December 31, 2015? (Round price index and dollar-value LIFO inventory to 0 decimal places, e.g. 162.) Need help calculating Dollar Value LIFO inventory.

Inventory	At Base Year Cost	At Current Year Cost
1/1/14	226,000	226,000
12/31/14	242,000	290,400
12/31/15	265,000	325,950

Reference no: EM131107560

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