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On January 1, 2018, Badger Inc

Question 126

Multiple Choice

On January 1, 2018, 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: On January 1, 2018, 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: -What inventory balance should Badger report on its 12/31/2018 balance sheet? A) $126,000 B) $121,000 C) $120,000 D) $100,000
-What inventory balance should Badger report on its 12/31/2018 balance sheet?


A) $126,000
B) $121,000
C) $120,000
D) $100,000

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