Buckeye Corporation adopted dollar-value LIFO on January 1,2016,when the inventory value was $500,000 and the cost index was 1.0.On December 31,2016,the inventory value at year-end costs was $535,000 and the cost index was 1.06.Buckeye would report a LIFO inventory of:

Question

Quizplus · Accepted Answer

The Answer of Buckeye Corporation adopted dollar-value LIFO on January 1,2016,when the inventory value was $500,000 and the cost index was 1.0.On December 31,2016,the inventory value at year-end costs was $535,000 and the cost index was 1.06.Buckeye would report a LIFO inventory of:

Buckeye Corporation Adopted Dollar-Value LIFO on January 1,2016,when the Inventory