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Exercise 8-23 The following information relates to the Jimmy Johnson Company Ending Inventory Prices) (End-of-Yea Price Index 100 105 116 120 125 Date December 31,

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Exercise 8-23 The following information relates to the Jimmy Johnson Company Ending Inventory Prices) (End-of-Yea Price Index 100 105 116 120 125 Date December 31, 2013 December 31, 2014 December 31, 2015 December 31, 2016 December 31, 2017 $ 70,000 90,300 95,120 105,600 100,000 Use the dollar-value LIFO method to compute the ending inventory for Jimmy Johnson Company for 2013 through 2017, Ending Inventory 2013 2014 2015 2016 2017

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