Solution-Kingston company uses the dollar value lifo method

Kingston company uses the dollar value lifo method

Reference no: EM131000565

Kingston 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, 2011, with an inventory of $150,000. Year-end inventories at year-end costs and cost indexes for its one inventory pool were as follows:

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Required:

Calculate inventory amounts at the end of each year.

Reference no: EM131000565

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Kingston company uses the dollar value lifo method : Kingston Company uses the dollar-value LIFO method of computing inventory. An external price index is used to convert ending inventory to base year.

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Kingston company uses the dollar value lifo method

Reference no: EM131000565

Reference no: EM131000565

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