Question
Exercise 8-23 The following information relates to the Teal Company. Date Ending Inventory (End-of-Year Prices) Price Index December 31, 2013 $66,900 100 December 31, 2014
The following information relates to the Teal Company.
| Date | Ending Inventory (End-of-Year Prices) | Price Index |
| December 31, 2013 | $66,900 | 100 |
| December 31, 2014 | 103,194 | 117 |
| December 31, 2015 | 110,940 | 129 |
| December 31, 2016 | 124,887 | 133 |
| December 31, 2017 | 115,787 | 139 |
Use the dollar-value LIFO method to compute the ending inventory for Teal Company for 2013 through 2017.
| Ending Inventory | |
| 2013 | $ |
| 2014 | $ |
| 2015 | $ |
| 2016 | $ |
| 2017 | $ |
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Financial Accounting Tools for Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
9th edition
1-119-49356-3, 1119493633, 1119493560, 978-1119493631
