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The following information relate to the choctaw company use

Problem

The following information relates to the Choctaw Company.

	Ending Inventory (End-of-Year Prices)	Price Index
December 31, 2009	$66,900	100
December 31, 2010	132,060	155
December 31, 2011	141,759	171
December 31, 2012	160,185	177
December 31, 2013	145,728	184

Use the dollar-value LIFO method to compute the ending inventory for Choctaw Company for 2009 through 2013.

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Accounting Basics: The following information relate to the choctaw company use

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