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Exercise 8-23 The following information relates to the Sheridan Company. Ending Inventory (End-of-Year Prices) Price Index 100 128 142 146 153 Date December 31, 2013

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Exercise 8-23 The following information relates to the Sheridan Company. Ending Inventory (End-of-Year Prices) Price Index 100 128 142 146 153 Date December 31, 2013 December 31, 2014 December 31, 2015 December 31, 2016 December 31, 2017 $68,900 115,712 125,386 139,722 131,121 Use the dollar-value LIFO method to compute the ending inventory for Sheridan Company for 2013 through 2017. Ending Inventory 2013 2014 2015 2016 2017

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