Question
Bridgeport Company had ending inventory at end-of-year cost of $106,800at December 31, 2016; $132,696at December 31, 2017; and $145,140at December 31, 2018. The year-end price
Bridgeport Company had ending inventory at end-of-year cost of $106,800at December 31, 2016; $132,696at December 31, 2017; and $145,140at December 31, 2018. The year-end price indexes were100at 12/31/16,114at 12/31/17, and118at 12/31/18.
Compute the ending inventory for Bridgeport Company for 2016 through 2018 using the dollar-value LIFO method.
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Accounting for Governmental and Nonprofit Entities
Authors: Jacqueline L. Reck, James E. Rooks, Suzanne Lowensohn, Daniel Neely
18th edition
1260190080, 1260190083, 978-1259917059
