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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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