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Exercise 8-22 Presented below is information related to Kingbird Company. Compute the ending inventory for Kingbird Company for 2017 through 2022 using the dollar-value LIFO

Exercise 8-22

Presented below is information related to Kingbird Company.

Compute the ending inventory for Kingbird Company for 2017 through 2022 using the dollar-value LIFO method.

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Exercise 8-22 Your answer is partially correct. Try again. Presented below is information related to Kingbird Company. Date December 31, 2017 December 31, 2018 December 31, 2019 December 31, 2020 December 31, 2021 December 31, 2022 Ending Inventory (End-of-Year Prices) $ 78,200 242,950 239,604 271,272 320,579 382,833 Price Index 100 215 246 267 287 297 Compute the ending inventory for Kingbird Company for 2017 through 2022 using the dollar-value LIFO method. Ending Inventory 78200 2017 2018 153020 2019 TTTTTTTTTTTTTTTTTTTTTTTTTTT 2020 IX LLLLLLLLLLLLLLLLLLLLLLLLLL 2021 2022 mm

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