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Ashbrook Company adopted the dollar-value LIFO method on
$ 15.00

Ashbrook Company adopted the dollar-value LIFO method on January 1, 2014 (using internal price indexes and multiple pools). The following data are available for inventory pool A for the 2 years following adoption of LIFO.

 

Inventory At Base-Year 
Cost
At Current-Year 
Cost
1/1/14 $200,000 $200,000
12/31/14 240,000 264,000
12/31/15 256,000 286,720

 

Computing an internal price index and using the dollar-value LIFO method, at what amount should the inventory be reported at December 31, 2015?(Round price index and dollar-value LIFO inventory to 0 decimal places, e.g. 162.)

 

December 31, 2015
Price Index  
Dollar-value LIFO inventory
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