Multiple Choice
Suppose that Badger's 2015 ending inventory, valued at year-end costs, was $153,600 and that the relative cost index for this inventory in 2015 was 1.20. What inventory balance would Badger report on its 12/31/15 balance sheet?
A) $128,000.
B) $129,800.
C) $153,600.
D) None of the above is correct.
Correct Answer:
Verified
Correct Answer:
Verified
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