subject
Business, 07.05.2020 05:57 ivilkas23

Carswell Electronics adopted the dollar-value LIFO method on January 1, 2018, when the inventory value of its one inventory pool was $820,000. The company decided to use an external index, the Consumer Price Index (CPI), to adjust for changes in the cost level. On January 1, 2018, the CPI was 250. On December 31, 2018, inventory valued at year-end cost was $990,000 and the CPI was 275. Required: Calculate the inventory value at the end of 2018 using the dollar-value LIFO method. (Round "Year end cost index" to 2 decimal places.)

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 15:10
Pressure systems, inc., manufactures high-accuracy liquid-level transducers. it is investigating whether it should update certain equipment now or wait to do it later. if the cost now is $200,000, what will the equivalent amount be 3 years from now at an interest rate of 10% per year?
Answers: 3
question
Business, 21.06.2019 21:30
Unrecorded depreciation on the trucks at the end of the year is $40,000. the total amount of accrued interest expense at year-end is $6,000. the cost of unused office supplies still available at year-end is $2,000. 1. use the above information about the company’s adjustments to complete a 10-column work sheet. 2a. prepare the year-end closing entries for dylan delivery company as of december 31, 2017. 2b. determine the capital amount to be reported on the december 31, 2017 balance sheet.
Answers: 1
question
Business, 22.06.2019 12:50
Jallouk corporation has two different bonds currently outstanding. bond m has a face value of $50,000 and matures in 20 years. the bond makes no payments for the first six years, then pays $2,100 every six months over the subsequent eight years, and finally pays $2,400 every six months over the last six years. bond n also has a face value of $50,000 and a maturity of 20 years; it makes no coupon payments over the life of the bond. the required return on both these bonds is 10 percent compounded semiannually. what is the current price of bond m and bond n?
Answers: 3
question
Business, 22.06.2019 19:00
20. to add body to a hearty broth, you may use a. onions. b. pasta. c. cheese. d. water.
Answers: 2
You know the right answer?
Carswell Electronics adopted the dollar-value LIFO method on January 1, 2018, when the inventory val...
Questions
question
Computers and Technology, 21.02.2021 01:00
question
Mathematics, 21.02.2021 01:00
question
Mathematics, 21.02.2021 01:00
question
Mathematics, 21.02.2021 01:00
question
English, 21.02.2021 01:00
Questions on the website: 13722361