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Buckeye Corporation Adopted Dollar-Value LIFO on January 1,2016,when the Inventory

Question 31

Multiple Choice

Buckeye Corporation adopted dollar-value LIFO on January 1,2016,when the inventory value was $500,000 and the cost index was 1.0.On December 31,2016,the inventory value at year-end costs was $535,000 and the cost index was 1.06.Buckeye would report a LIFO inventory of:


A) $504,717.
B) $530,000.
C) $505,000.
D) $533,019.

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