Use the following to answer question 80: Gross Corporation adopted the dollar-value LIFO method of inventory valuation on December 31, 2011. Its inventory at that date was $440,000 and the relevant price index was 100. Information regarding inventory for subsequent years is as follows: Inventory at Current Current Prices Price Index December 31, 2012 $513,600 107 December 31, 2013 580,000 125 December 31, 2014 650,000 130 80. What is the cost of the ending inventory at December 31, 2013 under dollar value LIFO

$465680

Explanation:

For calculating the ending inventory under the dollar value LIFO method we will follow the 2 steps given as under:

Step1:

Y = Current Price at year end /  Price Index at that time

Step2:

Ending Inventory = Opening Inventory value +  (Y - Opening Inventory Value) * Index Value

For the Year 2012

Step 1:

Y =  513,600 / 1.07 = $480,000

Step 2:

Ending Inventory  = $440,000 + ($480,000 - 440,000) * 1.07 = $482,800

Similarly for the year 2013

Step 1:

Y = 580000 / 1.25 = $464,000

Step 2:

Ending Inventory = $440,000 + ($464,000 - $440,000) * 1.07 = $465,680

The answer is $465680.

answer: a. the kind of population living in your neighbourhood.

the census explorer data tool by the us census bureau allows the user to zoom in on any neighbourhood within the united states and find the kind of people residing in that by race and age.  

the tool needs to needs to be used twice – once in order to find what type of people reside in a neighbourhood, and then to see the age groups of the people in the same neighbourhood.