On January 1, 2013, the National Furniture Company adopted the dollar-value LIFO method of computing inventory. An internal cost index is used to convert ending inventory to base year. Inventory on January 1 was $200,000. Year-end inventories at year-end costs and cost indexes for its one inventory pool were as follows: Required:
Compute inventory amounts at the end of each year.

Question

On January 1, 2013, the National Furniture Company adopted the dollar-value LIFO method of computing inventory. An internal cost index is used to convert ending inventory to base year. Inventory on January 1 was $200,000. Year-end inventories at year-end costs and cost indexes for its one inventory pool were as follows:  Required:
Compute inventory amounts at the end of each year.

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The Answer of On January 1, 2013, the National Furniture Company adopted the dollar-value LIFO method of computing inventory. An internal cost index is used to convert ending inventory to base year. Inventory on January 1 was $200,000. Year-end inventories at year-end costs and cost indexes for its one inventory pool were as follows:  Required:
Compute inventory amounts at the end of each year.

On January 1, 2013, the National Furniture Company Adopted the Dollar-Value