Appleton Inc.adopted dollar-value LIFO on January 1,2016,when the inventory value was $1,200,000.The December 31,2016,ending inventory at year-end costs was $1,430,000 and the cost index for the year is 1.1.
Required:
Compute the dollar-value LIFO inventory valuation for the December 31,2016,inventory.

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The Answer of Appleton Inc.adopted dollar-value LIFO on January 1,2016,when the inventory value was $1,200,000.The December 31,2016,ending inventory at year-end costs was $1,430,000 and the cost index for the year is 1.1.
Required:
Compute the dollar-value LIFO inventory valuation for the December 31,2016,inventory.