Saturday, May 23, 2015

2. Winnebago Industries, Inc. is a leading manufacturer of motor homes

Winnebago Industries, Inc. is a leading manufacturer of motor homes. Winnebago reported ending inventory at August 25, 2007, of $101,208,000 under the LIFO inventory method. In the notes to its financial statements, Winnebago reported a LIFO reserve of $32,705,000 at August 25, 2007. 

What would Winnebago Industries\' ending inventory have been if it had used FIFO?

Click here: 2. Winnebago Industries, Inc. is a leading manufacturer of motor homes