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Exercise 8-23 The following information relates to the Shamrock Company. Date Ending Inventory (End-of-Year Prices) Price Index December 31, 2013 $ 65,700 100 December 31,
Exercise 8-23
The following information relates to the Shamrock Company.
Date | Ending Inventory (End-of-Year Prices) | Price Index | ||||
December 31, 2013 | $ 65,700 | 100 | ||||
December 31, 2014 | 108,824 | 122 | ||||
December 31, 2015 | 117,585 | 135 | ||||
December 31, 2016 | 131,216 | 139 | ||||
December 31, 2017 | 123,105 | 145 |
Use the dollar-value LIFO method to compute the ending inventory for Shamrock Company for 2013 through 2017.
Ending Inventory | |||
2013 | $ | ||
2014 | $ | ||
2015 | $ | ||
2016 | $ | ||
2017 | $ |
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