f LIFO Inventory At Base-Year Cost At Current-Year Cost 1/1/14 $200,000 $200,000 12/31/14 240,000 26

f LIFO

Inventory At Base-Year
Cost
At Current-Year
Cost
1/1/14 $200,000 $200,000
12/31/14 240,000 264,000
12/31/15 256,000 286,720

Computing an internal price index and using the dollar-value LIFO method, at what amount should the inventory be reported at December 31, 2015?(Round price index and dollar-value LIFO inventory to 0 decimal places, eg 162)

December 31, 2015
Price Index
Dollar-value LIFO inventory

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