Trigger Corp

question 68

Multiple Choice

Trigger Corp.began business in 2010.On December 31, 2010, Trigger's single pool of inventory was valued at $300, 000, using the dollar-value LIFO inventory method.On December 31, 2011, the value of Trigger's inventory at current costs was $450, 000.The 2011 year-end cost index was 120.What was the value of Trigger's inventory at the end of 2011, using the dollar-value LIFO method?

• A)$375, 000
• B)$390, 000
• C)$480, 000
• D)$540, 000

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