LIFO retail inventory method, stable prices.
Potter Variety Store uses the LIFO retail inventory method. Information relating to the computation of the inventory at December 31, 2014, follows:
Instructions
Assuming that there was no change in the price index during the year, compute the inventory at December 31, 2014, using the LIFO retail inventory method.

Question

LIFO retail inventory method, stable prices.
Potter Variety Store uses the LIFO retail inventory method. Information relating to the computation of the inventory at December 31, 2014, follows:  
Instructions
Assuming that there was no change in the price index during the year, compute the inventory at December 31, 2014, using the LIFO retail inventory method.

Quizplus · Accepted Answer

The Answer of LIFO retail inventory method, stable prices.
Potter Variety Store uses the LIFO retail inventory method. Information relating to the computation of the inventory at December 31, 2014, follows:  
Instructions
Assuming that there was no change in the price index during the year, compute the inventory at December 31, 2014, using the LIFO retail inventory method.

LIFO Retail Inventory Method, Stable Prices