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On january 1 2011 the taylor company adopted the

On January 1, 2011, the Taylor Company adopted the dollar-value LIFO method. The inventory value for its one inventory pool on this date was $400,000. Inventory data for 2011 through 2013 are as follows:

1335_254-B-A-V-I (731).png

Required:

Calculate Taylor's ending inventory for 2011, 2012, and 2013.

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Accounting Basics: On january 1 2011 the taylor company adopted the

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Accounting Basics: On january 1 2011 the taylor company adopted the

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