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pleeease need a quick help Kingston Company uses the dollar-value LIFO method of computing Inventory. An external price index is used to convert ending Inventory
pleeease need a quick help
Kingston Company uses the dollar-value LIFO method of computing Inventory. An external price index is used to convert ending Inventory to base year. The company began operations on January 1, 2021, with an inventory of $147,000. Year-end inventories at year end costs and cost indexes for its one inventory pool were as follows: Cost Index (relative to Bane Year) Year Ended December 31 2021 2022 2023 2024 Ending Inventory at Year-End Coats 5220, 500 283,360 264,870 262,150 1.05 1.12 1.09 1.07 Required: Calculate inventory amounts at the end of each year. (Round Intermediate calculations and final answers to the nearest whole dollars.) Inventory Layers Converted to Base Year Cost Inventory Layers Converted to Cost Inventory DVL. Cost Date Inventory at Year-End Cost Year-End Gost Index Inventory Layers at Base Year Cost Inventory Layers at Bane Year Coat Year-End Cost Index Inventory Layers Converted to Cost 01/01/2021 12/31/2021 Base Base 2021 12/31/2022 Base 2021 2022 Inventory Layers Converted to Base Yoar Cost Inventory Layers Converted to Cost Inventory D Cost Date Inventory at Year-End Cost Year-End Cost Index Inventory Layers at Base Yoar Cost Inventory Layers at Base Year Cost Year-End Cost Index Inventory Layers Converted to Cont $ 01/01/2021 12/31/2021 Base Base 2021 $ 12/31/2022 Base 2021 2022 $ 12/31/2023 Baso 2021 2022 2023 $ /31/2024 Base 2021 2022 2023 2024 $ Step by Step Solution
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