Willy World Began Using Dollar-Value LIFO for Costing Its Inventory

question 21

Multiple Choice

Willy World began using dollar-value LIFO for costing its inventory two years ago. The ending inventory for the past two years in end-of-year dollars was $180,000 and $270,000 and the year-end price indices were 1.0 and 1.2, respectively. Assuming the current inventory at end of year prices equals $387,000 and the index for the current year is 1.25, what is the ending inventory using dollar-value LIFO?

• A) $319,500.
• B) $335,520.
• C) $342,000.
• D) $339,750.

---

Definitions:

FBI Surveillance

The monitoring, observing, or listening to individuals, groups, or communications by the Federal Bureau of Investigation for security or law enforcement purposes.

Initial Assessment Data

The primary information collected at the beginning of a clinical or therapeutic process to understand a client's current state and needs.

Realistic Ideas

Thoughts or concepts that are practical and feasible, based on a realistic assessment of circumstances and outcomes.

Patient Safety

The avoidance, prevention, and amelioration of adverse outcomes or injuries stemming from the process of health care.