Question
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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Survey Of Accounting
Authors: Carl S. Warren, Amanda Farmer, Jefferson P. Jones
10th Edition
0357900294, 9780357900291
