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Brief Exercise 8-08 Vaughn Company had ending inventory at end-of-year prices of $112,000at December 31, 2019; $134,288at December 31, 2020; and $150,600at December 31, 2021.

Brief Exercise 8-08

Vaughn Company had ending inventory at end-of-year prices of $112,000at December 31, 2019; $134,288at December 31, 2020; and $150,600at December 31, 2021. The year-end price indexes were100at 12/31/19,110at 12/31/20, and120at 12/31/21.

Compute the ending inventory for Vaughn Company for 2019 through 2021 using the dollar-value LIFO method.

2019 2020 2021 Ending Inventory$

$

$

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