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Use the Following Information for Questions 130 and 131

Question 24

Multiple Choice

Use the following information for questions 130 and 131.
Eaton Company, which uses the retail LIFO method to determine inventory cost, has provided the following information for 2014: Use the following information for questions 130 and 131. Eaton Company, which uses the retail LIFO method to determine inventory cost, has provided the following information for 2014: -Assuming that the price index was 105 at December 31, 2014 and 100 at January 1, 2014, what is the cost of Eaton's inventory at December 31, 2014 under the dollar-value-LIFO retail method? A) $267,380. B) $277,830. C) $280,610. D) $263,600.
-Assuming that the price index was 105 at December 31, 2014 and 100 at January 1, 2014, what is the cost of Eaton's inventory at December 31, 2014 under the dollar-value-LIFO retail method?


A) $267,380.
B) $277,830.
C) $280,610.
D) $263,600.

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