Question
Presented below is information related to Flounder Company. Date Ending Inventory (End-of-Year Prices) Price Index December 31, 2014 $ 83,500 100 December 31, 2015 188,328
Presented below is information related to Flounder Company.
| Date | Ending Inventory (End-of-Year Prices) | Price Index | ||||
| December 31, 2014 | $ 83,500 | 100 | ||||
| December 31, 2015 | 188,328 | 168 | ||||
| December 31, 2016 | 182,016 | 192 | ||||
| December 31, 2017 | 206,336 | 208 | ||||
| December 31, 2018 | 247,968 | 224 | ||||
| December 31, 2019 | 298,584 | 232 | ||||
Compute the ending inventory for Flounder Company for 2014 through 2019 using the dollar-value LIFO method.
2014
2015
2016
2017
2018
2019
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Principles Of Auditing And Other Assurance Services
Authors: Ray Whittington, Kurt Pany
21st Edition
978-1259916984
