On January 1, 2013, the Taylor Company adopted the dollar-value LIFO method. The inventory value for its

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On January 1, 2013, the Taylor Company adopted the dollar-value LIFO method. The inventory value for its one inventory pool on this date was $400,000. Inventory data for 2013 through 2015 are as follows:

Required:
Calculate Taylorâ€™s ending inventory for 2013, 2014, and2015.

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Intermediate accounting

ISBN: 978-0077647094

7th edition

Authors: J. David Spiceland, James Sepe, Mark Nelson

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Question Posted: Dec 23, 2013 10:30 AM

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On January 1, 2013, the Taylor Company adopted the dollar-value LIFO method. The inventory value for its

Question:

Ending Inventory at Year-End Costs Date 12/31/13 12/31/14 12/31/15 $441,000 487,200 510,000 Cost Index 1.05 1.12 1.20

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TAYLOR COMPANY Ending Inventory at YearEnd Costs 441000 48720...View the full answer

Intermediate accounting

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