Question
3 Presented below is information related to Metlock Company. Date Ending Inventory Price Index (End-of-Year Prices) December 31, 2014 $77,500 100 December 31, 2015 194,106
Presented below is information related to Metlock Company.
Date Ending Inventory Price
Index
(End-of-Year Prices)
December 31, 2014 $77,500 100
December 31, 2015 194,106 173
December 31, 2016 193,050 198
December 31, 2017 218,225 215
December 31, 2018 259,875 231
December 31, 2019 308,788 239
Compute the ending inventory for Metlock Company for 2014
through 2019 using the dollar-value LIFO method.
Ending Inventory
2014 $__________
2015 $_________
2016 $_________
2017 $_________
2018 $_________
2019 $_________
$
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Principles Of Financial Accounting
Authors: Belverd E Needles, Marian Powers
11th Edition
0538755164, 9780538755160
