Exercise 8-23

The following information relates to the Cullumber Company.

Date		Ending Inventory (End-of-Year Prices)				Price Index
December 31, 2013			$ 65,500			100
December 31, 2014			109,962			123
December 31, 2015			119,000			136
December 31, 2016			134,260			140
December 31, 2017			126,290			146

Use the dollar-value LIFO method to compute the ending inventory for Cullumber Company for 2013 through 2017.

			Ending Inventory
2013			$
2014			$
2015			$
2016			$
2017			$