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The Henry Store Has the Following Data for Inventory

Question 75

Multiple Choice

The Henry Store has the following data for inventory: The Henry Store has the following data for inventory: The store uses the dollar-value LIFO retail method.The price index for the year is 1.08.The price index that pertains to the beginning inventory is 1.00.Round all ratios to four decimal places.What is the cost of the ending inventory at January 31? A) $200,000 B) $203,996 C) $325,000 D) $351,000 The store uses the dollar-value LIFO retail method.The price index for the year is 1.08.The price index that pertains to the beginning inventory is 1.00.Round all ratios to four decimal places.What is the cost of the ending inventory at January 31?


A) $200,000
B) $203,996
C) $325,000
D) $351,000

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