2) Gander Inc. uses the Dollar Value (DV) LIFO inventory costing method. At December 31, 2023, Gander had the following information: 2023 2023 layer 2022 layer Base (2021) a) b) c) d) 4,000 X 1.20 = $ 4,800 8,000 X 8,960 20,000 X 1.00 = 20,000 Dollar Value LIFO Ending Inventory $33,760 What is the value of ? What is the total inventory at base cost at December 31st, 2023? On December 31, 2024, Gander had total inventory at base cost of $26,000. The DV LIFO Index for 2024 was 1.18. What is the dollar value (DV) LIFO inventory value at December 31, 2024? On December 31, 2025, Gander had total inventory at base cost of $30,000. This inventory had a current cost of $36,600. What is the dollar value (DV) LIFO inventory value at December 31, 2025?

2) Gander Inc. uses the Dollar Value (DV) LIFO inventory costing method. At December 31, 2023, Gander had the following information: 2023 2023 layer 2022 layer Base (2021) a) b) c) d) 4,000 X 1.20 = $ 4,800 8,000 X 8,960 20,000 X 1.00 = 20,000 Dollar Value LIFO Ending Inventory $33,760 What is the value of ? What is the total inventory at base cost at December 31st, 2023? On December 31, 2024, Gander had total inventory at base cost of $26,000. The DV LIFO Index for 2024 was 1.18. What is the dollar value (DV) LIFO inventory value at December 31, 2024? On December 31, 2025, Gander had total inventory at base cost of $30,000. This inventory had a current cost of $36,600. What is the dollar value (DV) LIFO inventory value at December 31, 2025?

Name: 2) Gander Inc. uses the Dollar Value (DV) LIFO inventory costing meth
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Description: 2) Gander Inc. uses the Dollar Value (DV) LIFO inventory costing method. At December 31,2023, Gander had the following information:2023 2023 layer2022 layerBase (2021)a)b)c)d)4,0008,000X20,000 XDollar Value LIFO Ending Inventory $33,760X 1.20A1.00$

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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