Trip corp. began business in 2015. on december 31, 2015, trip's single pool of inventory was valued at $300,000, using the dollar-value lifo inventory method. on december 31, 2016, the value of trip’s inventory at current costs was $450,000. the 2016 year-end cost index was 120. what was the value of trip's inventory at the end of 2016, using the dollar-value lifo method?

There is a small, family-owned store that sells food and household goods in a small town. the owners have good relations with the community, especially with local farmers who supply much of the food. the farmers aren't organized into a cooperative or union, and the store deals with each individually. suppose the store wanted to buy some farms to control the supply of certain vegetables. how would you classify this strategic move? select one: a. horizontal integration b. forward integration c. backward integration d. concentric integration