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Exercise 8-23 The following information relates to the Stellar Company. Date Ending Inventory Price Index Dec 31 2013 $69,400 110 Dec 31 2014 102,080 116
Exercise 8-23 The following information relates to the Stellar Company.
Date | Ending Inventory | Price Index |
Dec 31 2013 | $69,400 | 110 |
Dec 31 2014 | 102,080 | 116 |
Dec 31 2015 | 110,208 | 128 |
Dec 31 2016 | 123,816 | 132 |
Dec 31 2017 | 116,058 | 138 |
Use the dollar-value LIFO method to compute the ending inventory for Stellar Company for 2013 through 2017. Ending Inventory
ending inventory | |
2013 | $69400 |
2014 | 90976 |
2015 | 88772 |
2016 | |
2017 | 86452 |
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