F. Aber company manufactures one product . On dec 31,2016 Aber adopted the dollar value LIFO Inventory method. The inventory on that date using the dollar value LIFO inventory method was $900,000 Inventory data are as follows:

Year Inventory at year end prices Price index (base year 2016)

2016 . 900,000 1.00

2017 . 1,260,000 1.05

2018 . 1,840,000 1.15

2019 1,900,000 1.25

F1. Compute the inventory at december 31, 2017, 2018, 2019 using the dollar value lifo method for each year.

F2. What is the LIFO reserve on Dec 31, 2017

Date Ending Inv Current $ Price index Base-Year $ Layers at base year prices Multiply by that years price index LIFO Amount

G. Doran realty company purchased a plot of ground for 1,900,000 and spent 4,100,000 in developing it for building lots. The lots were classified into Highland, Midland, and lowland grades to sell at 120,000, 90,000 and 60,000 each respectively. Comple the table to allocate the cost of the lots using a realtive sales value method.

PROES A. The provided PROBLEM F Dollar-value UFO method Aber Company manufactures one produc The inventory on that date using the doma Year 2016(base year) 2017 2018 2019 Instructions one product On December 2016 Aber adopted the dollar value LIFO inventory method the dollar value LIFO inventory method was $900.000. Inventory data are as follows: Inventory at Price Index yearend prices Casera 2010 800.000 $1.260.000 1.840.000 1.000.000 1.05 1.15 1.25 1. Compute the inventory at December 31, 2017, 2018, and 2019. using the dollar value LIFO method for each year. LIFO amount Ending Inventory Current $ Price Index Layers at base Multiply by that year's year prices price index Year $ Date 2016 2017 2018 2019 2. What is the LIFO reserve on Dec 31, 2017? PROBLEM G: Doran Realty Company purchased a plot of ground for $1,900,000 and spent $4,100,000 in developing it for building lots. The lots were classified into Highland, Midland, and Lowland grades, to sell at $120,000 $90,000, and $60,000 each, respectively. Instructions Complete the table below to allocate the cost of the lots using a relative sales value method. (4) No. of Selling Total % of Apportioned Cost Grade Lots Price Revenue Total Sales Total Per Lot Highland 20 $ $ Midland 40 $ $ Lowland 100 $ 160 $ $