LIFO - FIFO Question for CFAI Text

CFA Level I
#1

Hello Folks, CFAI Text (FSA), page # 341, Question# 4©. In that any one has idea for part ii, how can we get the LIFO Inventory using inflation rate, I can not get the answer given in the book(53675). If anyone can explain this answer in detail, I would really appericiate it. -Thanks

#2

I don’t have the exact question, but maybe these will help… inflation rate = change in LIFO reserve / Beg. Inventory FIFO LIFO COGS = FIFO COGS + (Beg. Inv FIFO x inflation rate) Give me the exact question, and maybe I can help more.

#3

Search for this in prior postings (esp by gdiddy) and you will find the exact same question solved in its entirety. (and in great detail).

#4

Thanks CPK123

#5

Here’s the thread you’re looking for: http://www.analystforum.com/phorums/read.php?11,626318,626318