The Shill Company Uses the Dollar-Value LIFO Method for Valuing

question 117

Multiple Choice

The Shill Company uses the dollar-value LIFO method for valuing inventory. The following inventory information is available at the end of the year:
$\begin{array}{lrl}\text { Year } & \text { Year-End Price } & \text { Price Index } \\\hline1 & \$ 200,000 & 100 \\2 & 250,000 & 105 \\3 & 296,000 & 108 \\4 & 286,000 & 110\end{array}$
-The inventory under dollar-value LIFO at the end of Year 4 is

• A)$260,000.
• B)$263,657.
• C)$274,074.
• D)$286,000.

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Definitions:

Institutionalization

The process of making something a part of an organized system, often referring to the effect of long-term hospital or prison environments on individuals.

Deinstitutionalization

The process of moving mentally ill patients from long-term institutions into community- or family-based care.

Advantages

The benefits or favorable positions gained from a particular situation or action.

Secondary Prevention

Efforts aimed at early detection and prompt intervention to prevent the progression of a disease or injury.