On January 1, 2021, Badger Inc. adopted the dollar-value LIFO method. The inventory cost on this date was $100,000. The ending inventory, valued at year-end costs, and the relative cost index for each of the next three years is below:
Year-end Ending inventory at year-end costs Cost Index
2021 $126,000 1.05
2022 143,000 1.10
2023 153,600 1.20
In determining the inventory balance for Badger to report in its 12/31/2022 balance sheet:____.
A. $130,500.
B. $125,650.
C. $124,500.
D. $101,500.

Question

02-04-2021
Business

Answered

Get the answers you need at Westonci.ca, where our expert community is always ready to help with accurate information. Explore thousands of questions and answers from a knowledgeable community of experts ready to help you find solutions. Connect with a community of professionals ready to provide precise solutions to your questions quickly and accurately.

On January 1, 2021, Badger Inc. adopted the dollar-value LIFO method. The inventory cost on this date was $100,000. The ending inventory, valued at year-end costs, and the relative cost index for each of the next three years is below:
Year-end Ending inventory at year-end costs Cost Index
2021 $126,000 1.05
2022 143,000 1.10
2023 153,600 1.20
In determining the inventory balance for Badger to report in its 12/31/2022 balance sheet:____.
A. $130,500.
B. $125,650.
C. $124,500.
D. $101,500.

Sagot :

Thanks for using our platform. We aim to provide accurate and up-to-date answers to all your queries. Come back soon. Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. Keep exploring Westonci.ca for more insightful answers to your questions. We're here to help.

An animal shelter spends $2.35 per day to care for each cat and $5.50 per day to care for each dog. Pat noticed that the shelter spent $89.50 caring for cats an

Which best describes Atticus's parenting skills? A. Atticus is an older parent who is too tired to participate in his children's lives. B. Atticus is a neglectf

A skateboard that sells for $65 is one sale for 15% off. Find the sale price.

A historian uses the comparative method to _____. look at similarities and differences across cultures examine how different cultures formed determine the meani

What events are most likely to occur along a transform boundary? A. deep-sea trenches B. rugged mountain ranges C. earthquakes D. hot spots This is Science!

What part did advances in technology play in the creation of the 'New Woman'? What group of women was largely excluded from this progress?

Which statement below is true? a. Russia has abundant natural resources and therefore does not need to carefully manage their use. c. Russia has limited natural

1. During a heart attack, some of the cells in the thick layer of muscle in the heart walls die. This layer of muscle is called the (1 point) • Do not choose. •

Which best explains why the North advocated for high protective tariffs in the first half of the 19th century? a.Tariffs kept the costs of the raw materials the

Market speculation resulted in which of the following? a. Stocks became overvalued. c. People were afraid to withdraw money from the market. b. Stocks became un