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Exercise 8-23 The following information relates to the Metlock Company. Ending Inventory (End-of-Year Prices) Price Index Date December 31, 2013 63,500 100 December 31, 2014

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Exercise 8-23 The following information relates to the Metlock Company. Ending Inventory (End-of-Year Prices) Price Index Date December 31, 2013 63,500 100 December 31, 2014 105,434 119 December 31, 2015 113,446 131 December 31, 2016 128,792 136 December 31, 2017 118,158 141 Use the dollar-value LIFO method to compute the ending inventory for Metlock Company for 2013 through 2017. Ending Inventory 2013 2014 2015 2016 2017

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