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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 $ 57,600 100 December
Exercise 8-26 The following information relates to the Jimmy Johnson Company.
| Date | Ending Inventory (End-of-Year Prices) | Price Index | ||||
| December 31, 2010 | $ 57,600 | 100 | ||||
| December 31, 2011 | 103,896 | 111 | ||||
| December 31, 2012 | 111,807 | 123 | ||||
| December 31, 2013 | 124,968 | 127 | ||||
| December 31, 2014 | 116,774 | 133 | ||||
Use the dollar-value LIFO method to compute the ending inventory for Johnson Company for 2010 through 2014.
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