Winnebago industries inc is a leading manufacturer of motor, Accounting Basics

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Winnebago industries inc is a leading manufacturer of motor

Question: Winnebago Industries, Inc. is a leading manufacturer of motor homes. Suppose Winnebago reported ending inventory at August 29, 2017, of $46,850,000 under the LIFO inventory method. In the notes to its financial statements, assume Winnebago reported a LIFO reserve of $30,346,000 at August 29, 2017. What would Winnebago Industries' ending inventory have been if it had used FIFO?

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Accounting Basics: Winnebago industries inc is a leading manufacturer of motor

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