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compute the ending inventory under the dollar value lifo method at december 31 2013 645808

(Dollar Value LIFO Retail) Presented below is information related to Atrium Corporation.

 

Price  

Index  

LIFO

Cost

Retail  

Inventory on December 31, 2012,  

when dollar value LIFO is   adopted

100

$36,000  

$74,500  

Inventory, December 31, 2013

110

?

95,150  

Instructions

Compute the ending inventory under the dollar value LIFO method at December 31, 2013. The cost toretail ratio for 2013 was 55%.

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