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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
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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