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Only information I got. Attached is information related to Fuchsia Corporation as of December 31 for the last three years, 20X1, 20X2, and 20X3. REQUIRED:
Only information I got.
Attached is information related to Fuchsia Corporation as of December 31 for the last three years, 20X1, 20X2, and 20X3. REQUIRED: Compute the ending inventories under the dollar value LIFO method for 20X1. 20X2, and 20X3. The base period is January 1, 20x1, and the beginning inventory cost at that date was $40,000. Compute indexes to two decimal places. FUCHSIA CORPORATION INFORMATION RELATED TO INVENTORIES FOR APPLYING DOLLAR VALUE LIFO METHOD FOR YEARS 20X1, 20X2, AND 20X3 Base Year Cost Current Year Cost Quantity in Amount Unit Cost Unit Cost Ending Inventory Amount Item 20X1 A B 9,000 $ 6,000 4,000 2.00 $ 3.00 5.00 18,000S 18.000 20,000 2.20 $ 3.40 5.25 19,800 20,400 21,000 c 20X2 2.00 $ 3.00 5.00 9,000 $ 6,800 6,000 18,000 $ 20,400 30,000 2.45$ 3.65 B 22.050 24,820 33.000 5.50 C 20X3 2.00 S 16,000 $ A 20.000 32,800 8,000 $ 8,000 6,000 3.00 2.50 $ 4.10 5.60 B 24,000 30,000 5.00 33.600 Step by Step Solution
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