On January 1, 2021, Badger Inc. adopted the dollar-value LIFO method. The inventory cost on this date was $100,100. The ending i

Question

3 years ago

6

On January 1, 2021, Badger Inc. adopted the dollar-value LIFO method. The inventory cost on this date was $100,100. The ending i

nventory, valued at year-end costs, and the relative cost index for each of the next three years is below:Year-end Ending inventory atyear-end costs Cost Index2021 $ 126,315 1.05 2022 143,440 1.10 2023 154,020 1.20 In determining the inventory balance for Badger to report in its 12/31/2022 balance sheet:Multiple ChoiceAn additional layer of $23,110 is added to the 12/31/2021 balance.An additional layer of $11,110 is added to the 12/31/2021 balance.An additional layer of $22,110 is added to the 12/31/2021 balance.None of these answer choices are correct.

Business

1 answer:

natima [27] · Answer 1 · 2022-01-11T07:51:07+03:00

natima [27]3 years ago

3 0

Answer:

oh ok im a little bit confused but can u give me the answer choices if there is any

Explanation: