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Exercise 8-23 The following information relates to the James Smith Company. Ending Inventory (End-of-Year Prices) Price Index Date December 31, 2016 75,800 100 December 31,

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Exercise 8-23 The following information relates to the James Smith Company. Ending Inventory (End-of-Year Prices) Price Index Date December 31, 2016 75,800 100 December 31, 2017 December 31, 2018 December 31, 2019 95,700 110 103,944 118,314 122 126 December 31, 2020 109,254 131 Use the dollar-value LIFO method to compute the ending inventory for Smith Company for 2016 through 2020. Ending Inventory 2016 $ 75,800 2017 $ 2018 $ 2019 $ 2020 $

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