maggie9459
15.08.2020 •
Business
Opera Corp. uses the dollar-value LIFO method of computing its inventory cost. Data for the past three years is as follows: Dec 31, 20X0, Inventory at end-of-year prices = $65,000 (price index = 1.00); Dec 31, 20X1, Inventory at end-of-year prices = $126,000 (price index = 1.05); Dec 31, 20X2, Inventory at end-of-year prices = $135,000 (price index = 1.10). What is the 20X0 inventory balance using dollar-value LIFO?
a. $65,000.
b. $61,904.
c. $122,727.
d. $135,000
Solved
Show answers
More tips
- W Work and Career Secrets of Punctuality: How to Learn to Never Be Late?...
- L Leisure and Entertainment How to Choose the Perfect Gift for Men on February 23rd?...
- H Health and Medicine How to Treat Whooping Cough in Children?...
- H Health and Medicine Simple Ways to Lower Cholesterol in the Blood: Tips and Tricks...
- O Other How to Choose the Best Answer to Your Question on The Grand Question ?...
- L Leisure and Entertainment History of International Women s Day: When Did the Celebration of March 8th Begin?...
- S Style and Beauty Intimate Haircut: The Reasons, Popularity, and Risks...
- A Art and Culture When Will Eurovision 2011 Take Place?...
- S Style and Beauty How to Choose the Perfect Hair Straightener?...
- F Family and Home Why Having Pets at Home is Good for Your Health...
Answers on questions: Business
- B Business Which of the following is not an example of a sunk cost? Select the correct answer below: the price paid on food that has already been consumed rent paid on an apartment...
- B Business Which interest rate will be higher: the interest rate the bank pays you on your savings account or the interest rate the bank charges you for a loan? Why?...
- B Business Match the personal accounts to their categories 1)checking accounts 2)time deposit accounts 3)certificate of deposit account 4) money marketing accounts 5) transaction...
- B Business ou are currently executing the activities for a project to produce an effective and safe drug that can be sold to pharmacies around the world. One of the ingredients...
- B Business An example of a randomized controlled experiment is when a. Some 5th graders in a specific elementary school are allowed to use computers at school while others are not...
- B Business When traits appraisals are used: a. managers focus on the outcomes of work behaviors b. it is important that employees possess specific traits to ensure high job performance...
- B Business A company is analyzing sales reports for three products: products X, Y, Z. One report shows that a combined total of 20,000 of items X, Y, and Z were sold. Another report...
- B Business I haven t made a question for you all so here you go: After these tasks are accomplished, Mary receives an e-mail from Mr. Richards, thanking her for responding so quickly....
- B Business Branson works for a firm that is expanding into a completely new line of business. He has been asked to determine an appropriate WACC for an averagerisk project in the...
- B Business Discuss the characteristics of Labour ...
Ответ:
a. $65,000.
Explanation:
since the price index for year 20x0 is 1, then the inventory balance using dollar value LIFO = $65,000 / 1 = $65,000.
Dollar value LIFO works in cost layers, or pools of inventory.
E.g. the 20x1 inventory would be worth:
($126,000 / 1.05) = $120,000
($120,000 - $65,000) x 1.05 = $57,750
value of 20x1 inventory = $65,000 + $57,750 = $122,750
Ответ:
it paragraph 3
Explanation:
I hope it work