Under the last-in, first-out (LIFO) inventory valuation method, a price index for inventory must be established for tax purposes. The quantity weights are based on year-ending inventory levels. Unit Price ($)
Product Ending
Inventory Beginning Ending
A 500 0.17 0.21
B 50 1.40 1.80
C 100 4.50 4.20
D 60 12.00 13.20
Use the beginning-of-the-year price per unit as the base-period price and develop a weighted aggregate index for the total inventory value at the end of the year. (Round your answer to the nearest integer.)
I =
What type of weighted aggregate price index must be developed for the LIFO inventory valuation?
Paasche index
Laspeyres Index

Look at this system of equations. -3x + 3y = 12 y = x + 4 the solution set of this system is best explained by which of these statements? a) the graphs of the equations are the same line because the equations have the same slope and the same y-intercept. the system has infinitely many solutions. b) the graphs of the equations are parallel lines because they have the same slope but different y-intercepts. the system has no solution. c) the graphs of the equations are lines that intersect at one point because the equations have the same slope but different y-intercepts. the system has exactly one solution. d) the graphs of the equations are lines that intersect at one point because the equations have the same slope and the same y-intercept. the system has exactly one solution.