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CWB Teleconcepts, Inc. manufactures and distributes three models of handheld devices: the Flame, the Globe, and the HD3. CWB uses the dollar-value LIFO method. Information
CWB Teleconcepts, Inc. manufactures and distributes three models of handheld devices: the Flame, the Globe, and the HD3. CWB uses the dollar-value LIFO method. Information for 2022, 2023, and 2024 is presented in the following table. 2 (Click the icon to view the data.) The cumulative price indices for 2022, 2023, and 2024, respectively are 1.00, 1.056, and 1.1155. Read the requirements. Requirement a. Compute the company's ending inventory using dollar-value LIFO for each year. Treat the three models as one group. Round to the nearest dollar. (Use price index amounts to four decimal places as given in the information, X.XXXX. Round all intermediary currency calculations and the amounts you enter into the cells below to the nearest whole dollar. Use a parentheses or minus sign when entering a layer liquidation amount.) Year 2022 2023 2024 2022 layer 2023 layer 2024 layer liquidation - 2023 layer 2024 layer liquidation - 2022 layer Ending inventory under dollar-value LIFO - Data table Description Base Year: 2022 2023 2024 Total FIFO Total FIFO Total FIFO Inventory Units Cost Units Cost Units Cost Flame 5,000 $ 658,000 4,000 $ 450,000 660,000 7,000 $ 5,000 392,000 375,000 Globe 6,000 580,000 3,000 HD3 3,000 450,000 5,000 800,000 1,000 170,000
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