The Genworth Company Adopted the Dollar-Value LIFO Method on January

question 47

Essay

The Genworth Company adopted the dollar-value LIFO method on January 1,2016 when the inventory value of its one inventory pool was $450,000.The company decided to use an external index,the Consumer Price Index (CPI),to adjust for changes in the cost level.On January 1,2016,the CPI was 280.On December 31,2016,inventory valued at year-end cost was $504,000 and the CPI was 294.
Required:
Calculate the inventory value at the end of 2016 using the dollar-value LIFO method.

Understand the stages and characteristics of the demographic transition model.

Recognize geographic population distributions, especially in Canada.

Identify age structures associated with different population growth rates.

Comprehend factors influencing changes in demographic transitions.

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Definitions:

Integrated

Describes systems, processes, or organizations that have been combined into a whole, ensuring seamless coordination and functionality among disparate elements.

Urban Environment

Refers to the human-made surroundings that provide the setting for human activity, ranging in scale from buildings and parks to neighborhoods and cities that can often include their supporting infrastructure, such as water supply or energy networks.

Common Territory

An area or region shared by a community or group of people, often characterized by shared legal or cultural attributes.

Generation

All of the people born and living at about the same time, regarded collectively, often used to describe differences between age groups in terms of characteristics, values, and societal contributions.