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Bonita Company cans a variety of vegetable-type soups. Recently, the company decided to value its inventories using dollar-value LIFO pools. The clerk who accounts for

Bonita Company cans a variety of vegetable-type soups. Recently, the company decided to value its inventories using dollar-value LIFO pools. The clerk who accounts for inventories does not understand how to value the inventory pools using this new method, so, as a private consultant, you have been asked to teach him how this new method works. He has provided you with the following information about purchases made over a 6-year period.

Date

Ending Inventory (End-of-Year Prices)

Price Index

Dec. 31, 2013 $75,300 100
Dec. 31, 2014 119,880 111
Dec. 31, 2015 118,110 127
Dec. 31, 2016 140,760 138
Dec. 31, 2017 160,580 148
Dec. 31, 2018 188,958 154

You have already explained to him how this inventory method is maintained, but he would feel better about it if you were to leave him detailed instructions explaining how these calculations are done and why he needs to put all inventories at a base-year value. Compute the ending inventory for Richardson Company for 2013 through 2018 using dollar-value LIFO.

i need help with year 2017 and 2018

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