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Blue Company had ending inventory at end-of-year prices of $126,000 at December 31, 2019; $151,074 at December 31, 2020; and $169,500 at December 31, 2021.
Blue Company had ending inventory at end-of-year prices of $126,000 at December 31, 2019; $151,074 at December 31, 2020; and $169,500 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 Blue Company for 2019 through 2021 using the dollar-value LIFO method. Ending Inventory 2019 $ 2020 2021 $
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