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help to fill out 11 Instructions: 12 Compute the ending inventory for Meghani Company for 2020 through 2024 using the dollar-value LIFO method. 13 Inventory
help to fill out 11 Instructions: 12 Compute the ending inventory for Meghani Company for 2020 through 2024 using the dollar-value LIFO method. 13 Inventory at base-year Price Inde, price 100 $128,000 Layers Index Value LIFO Inventory at end-of-year prices $128,000 212,000 Value LIFO Total LIFO Reserve 14 Year 15 2020 16 2021 105 201,905 17 18 19 2022 218,658 110 198780 20 21 22 2023 282,500 115 245652.17 23 24 25 26 27 28 2024 300,500 125 240400 29 PIE Sheet2 32 33 Journal entries 34 2021 35 2022 36 37 38 39 2023 40 41 42 43 44 45 2024 2023 46 47 40 Cost Flow Assumption LIFO Sheets Ready 11 Instructions: 12 Compute the ending inventory for Meghani Company for 2020 through 2024 using the dollar-value LIFO method. 13 Inventory at base-year Price Inde, price 100 $128,000 Layers Index Value LIFO Inventory at end-of-year prices $128,000 212,000 Value LIFO Total LIFO Reserve 14 Year 15 2020 16 2021 105 201,905 17 18 19 2022 218,658 110 198780 20 21 22 2023 282,500 115 245652.17 23 24 25 26 27 28 2024 300,500 125 240400 29 PIE Sheet2 32 33 Journal entries 34 2021 35 2022 36 37 38 39 2023 40 41 42 43 44 45 2024 2023 46 47 40 Cost Flow Assumption LIFO Sheets Ready
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