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1. Oriole Company had ending inventory at end-of-year prices of $122,000 at December 31,2019;$146,278 at December 31 , 2020; and $164,100 at December 31, 2021.
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Oriole Company had ending inventory at end-of-year prices of $122,000 at December 31,2019;$146,278 at December 31 , 2020; and $164,100 at December 31, 2021. The year-end price indexes were 100 at 12/31/19, 110 at 12/31/20, and 120 at 12/31/21. Compute the ending inventory for Oriole Company for 2019 through 2021 using the dollar-value LIFO methodStep by Step Solution
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