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27 Presented below is information related to May Company. Date December 31, 2015 December 31, 2016 December 31, 2017 December 31, 2018 December 31, 2019

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27 Presented below is information related to May Company. Date December 31, 2015 December 31, 2016 December 31, 2017 December 31, 2018 December 31, 2019 December 31, 2020 Ending Inventory (End-of-Year Prices) $ 180,000 $ 228,500 $ 218,500 $ 246,500 $ 283,500 $ 312,800 Price Index 100 105 115 125 135 140 Instructions Compute the ending inventory for May Company for 2015 through 2020 using the dollar-value LIFO method. (12 points) a Ending Inventory 2015 $ 180,000 b Ending Inventory 2016 c Ending Inventory 2017 d Ending Inventory 2018 e Ending Inventory 2019 IN f Ending Inventory 2020

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