Solved

Maple Corp Compute the Ending 2013 Inventory

Question 62

Multiple Choice

Maple Corp.uses dollar-value LIFO.Certain information follows:  Ending Inventory-  Year  Current Cost  Index 2010$10,000100201111,845103201212,096108201313,090110\begin{array}{rrr}&\text { Ending Inventory- }\\\text { Year }&\text { Current Cost }&\text { Index }\\2010 & \$ 10,000 & 100 \\2011 & 11,845 & 103 \\2012 & 12,096 & 108 \\2013 & 13,090 & 110\end{array} Compute the ending 2013 inventory.


A) $11, 900
B) $11, 985
C) $12, 006
D) $12, 090

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions