Ashbrook Company adopted the dollar-value LIFO method on January 1, 2014
January 11th, 2018
Ashbrook Company adopted the dollar-value LIFO method on January 1, 2014 (using internal price indexes and multiple pools). The following data are available for inventory pool A for the 2 years following adoption of LIFO.InventoryAt Base-Year CostAt Current-Year Cost1/1/14$200,000$200,00012/31/14240,000264,00012/31/15256,000286,720Computing an internal price index and using the dollar-value LIFO method, at what amount should the inventory be reported at December 31, 2015?(Round price index and dollar-value LIFO inventory to 0 decimal places, e.g. 162.)December 31, 2015Price IndexDollar-value LIFO inventory