Question
Presented below is information related to Folklore Company. Date Ending Inventory (End-of-Year Prices) Price Index 31-Dec-17 $ 91,500 100 31-Dec-18 163,280 157 31-Dec-19 205,030 203
Presented below is information related to Folklore Company.
| Date | Ending Inventory (End-of-Year Prices) | Price Index |
| 31-Dec-17 | $ 91,500 | 100 |
| 31-Dec-18 | 163,280 | 157 |
| 31-Dec-19 | 205,030 | 203 |
| 31-Dec-20 | 327,600 | 280 |
Compute ending inventory for Folklore Company for 2017 using the dollar-value LIFO method.
| $91,500 | ||
| $143,655 | ||
| $185,745 | ||
| $256,200 |
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