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Exercise 8-23 The following information relates to the Flounder Company Date Price Index 100 Ending Inventory (End-of-Year Prices) $ 66,600 111,104 119,875 136,178 126,244 December

Exercise 8-23 The following information relates to the Flounder Company Date Price Index 100 Ending Inventory (End-of-Year Prices) $ 66,600 111,104 119,875 136,178 126,244 December 31, 2013 December 31, 2014 December 31, 2015 December 31, 2016 December 31, 2017 124 137 142 148 Use the dollar-value LIFO method to compute the ending inventory for Flounder Company for 2013 through 2017. Ending Inventory 2013 2014 2015 2016 2017

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