Winnebago Industries, Inc. is a leading manufacturer of motor homes. Suppose Winnebago reported ending inventory at August 29 2025, of $45,251,000 under the LIFO inventory method. In the notes to its financial statements, assume Winnebago reported a LIF reserve of $29,448,000 at August 29, 2025. What would Winnebago Industries' ending inventory have been if it had used FIFO? Ending inventory assuming FIFO $

Winnebago Industries, Inc. is a leading manufacturer of motor homes. Suppose Winnebago reported ending inventory at August 29 2025, of $45,251,000 under the LIFO inventory method. In the notes to its financial statements, assume Winnebago reported a LIF reserve of $29,448,000 at August 29, 2025. What would Winnebago Industries' ending inventory have been if it had used FIFO? Ending inventory assuming FIFO $

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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Determine ending inventory using dollar-value LIFO. Assume that the December 2, 2025, purchase cost is the current cost of the inventory.
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