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Exercise 8-26 The following information relates to the Jimmy Johnson Company. Date Ending Inventory (End-of-Year Prices) Price Index December 31, 2010 $58,000 100 December 31,
Exercise 8-26
The following information relates to the Jimmy Johnson Company.
| Date | Ending Inventory (End-of-Year Prices) | Price Index |
| December 31, 2010 | $58,000 | 100 |
| December 31, 2011 | 100,473 | 107 |
| December 31, 2012 | 107,734 | 118 |
| December 31, 2013 | 122,122 | 122 |
| December 31, 2014 | 113,157 | 127 |
Use the dollar-value LIFO method to compute the ending inventory for Johnson Company for 2010 through 2014.
| Ending Inventory | |
| 2010 | $ |
| 2011 | $ |
| 2012 | $ |
| 2013 | $ |
| 2014 | $ |
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Financial Statement Analysis And Security Valuation
Authors: Stephen H Penman
4th Edition
0073379662, 9780073379661
