Business, 25.11.2019 22:31 breonaleonard6821
Oasis company has used the dollar-value lifo method for inventory cost determination for many years. the following data were extracted from oasis’s records.
date
price
index
ending inventory
at base prices
ending inventory
at dollar-value lifo
december 31, 2014 105 $92,000 $92,600
december 31, 2015 ? 97,000 98,350
calculate the index used for 2015 that yielded the above results.
Answers: 3
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Oasis company has used the dollar-value lifo method for inventory cost determination for many years....
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