Evaluate the carrying value of inventory

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Reference no: EM139986

The Ryan Hunt Company uses the dollar-value LIFO method of computing inventory. An external price index is used to convert ending inventory to base year. The company began operations on January 1, 2006 with an inventory of $150,000. Year end inventories at year-end costs and related cost indices for its one inventory pool were as follows:

Year-ended 31-Dec	Inventory at Year-end Costs	Cost Index (Relative to Base Year)
2006	$200,000	1.08
2007	245,700	1.17
2008	235,980	1.14
2009	228,800	1.1

Required: Calculate the carrying value of inventory on each year-end balance sheet.

Reference no: EM139986

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