Business, 28.02.2020 22:46 abelsoto

On January 1, 2021, Badger Inc. adopted the dollar-value LIFO method. The inventory cost on this date was $100,100. The ending inventory, valued at year-end costs, and the relative cost index for each of the next three years is below:Year-end Ending inventory atyear-end costs Cost Index2021 $ 126,315 1.05 2022 143,440 1.10 2023 154,020 1.20 In determining the inventory balance for Badger to report in its 12/31/2022 balance sheet:Multiple ChoiceAn additional layer of $23,110 is added to the 12/31/2021 balance. An additional layer of $11,110 is added to the 12/31/2021 balance. An additional layer of $22,110 is added to the 12/31/2021 balance. None of these answer choices are correct.

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On January 1, 2021, Badger Inc. adopted the dollar-value LIFO method. The inventory cost on this dat...

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