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Business, 19.12.2019 21:31 grimwolf1023

Arthur corporation uses the dollar-value last-in, first-out (lifo) method to measure its inventories. historical information indicates the following:
inventory at price inventory at
year end-of-year prices index base-year prices
1 $100,000 100 $100,000
2 102,440 104 98,500
3 121,000 110 110,000
during year 4, inventory at end-of-year and base-year prices totaled $125,440 and $112,000, respectively. the ending inventory at lifo cost for year 4 is:

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