Bond Company adopted the dollar-value LIFO inventory method on January 1, 2013. In applying the LIFO method, Bond uses internal cost indexes and the multiple-pools approach. The following data were available for Inventory Pool No.3 for the two years following the adoption of LIFO:
Ending Inventors
At Current At Base
Year Cost Year Cost Cost index
1/1/13 $302500 $302.500 1.00
12/31/13 341.320 322.000 1.06
12/31/14 433180 358.000 1.21
Under the dollar-value LIFO method the inventory at December 31, 2014. should be:.
a. $366,730.
b. $358,000.
c. $359170.
d. None of these is correct.
Answers: 2
Business, 22.06.2019 08:00, savannahworkman11
How do communism and socialism differ in terms of the role that government plays in the economy ?
Answers: 1
Business, 22.06.2019 19:00, xojade
1. what must one do to perform the essential managerial task of controlling in achieving organizational goals? a. motivate, coordinate, and energize individuals and groups to work together to achieve organizational goals b. choose appropriate organizational goals and courses of action to best achieve those goals c. establish task and authority relationships that allow people to work together to achieve organizational goals d. establish accurate measuring and monitoring systems to evaluate how well the organization has achieved its goals
Answers: 1
Business, 23.06.2019 00:30, Chen19241
2. which of the following statements about interest is true? a. interest is a one-time fee that you pay for lending money. b. interest is expressed as a percentage of the amount you are borrowing. c. because interest rates tend to be small numbers, they typically don't have much effect on the price of the goods you're purchasing. d. interest is a penalty that you pay when you don't pay your bills on time.
Answers: 1
Bond Company adopted the dollar-value LIFO inventory method on January 1, 2013. In applying the LIFO...
Mathematics, 09.11.2020 08:50
Mathematics, 09.11.2020 08:50
English, 09.11.2020 08:50
English, 09.11.2020 08:50
Mathematics, 09.11.2020 08:50
Advanced Placement (AP), 09.11.2020 09:00
English, 09.11.2020 09:00