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Presented below is information related to Kaisson Corporation for the last 3 years. Base-Year Cost Current-Year Cost Item Quantities in Ending Inventories Unit Cost Amount
Presented below is information related to Kaisson Corporation for the last 3 years.
Base-Year Cost | Current-Year Cost | |||||||||
Item | Quantities in Ending Inventories | Unit Cost | Amount | Unit Cost | Amount | |||||
December 31, 2013 | ||||||||||
A | 11,240 | $2.29 | $25,740 | $2.52 | $28,325 | |||||
B | 8,240 | 3.44 | 28,346 | 4.07 | 33,537 | |||||
C | 6,240 | 5.74 | 35,818 | 6.19 | 38,626 | |||||
Totals | $89,904 | $100,488 | ||||||||
December 31, 2014 | ||||||||||
A | 11,240 | $2.29 | $25,740 | $2.98 | $33,495 | |||||
B | 9,040 | 3.44 | 31,098 | 4.30 | 38,872 | |||||
C | 8,240 | 5.74 | 47,298 | 7.34 | 60,482 | |||||
Totals | $104,136 | $132,849 | ||||||||
December 31, 2015 | ||||||||||
A | 10,240 | $2.29 | $23,450 | $3.10 | $31,744 | |||||
B | 10,240 | 3.44 | 35,226 | 4.59 | 47,002 | |||||
C | 8,240 | 5.74 | 47,298 | 7.11 | 58,586 | |||||
Totals | $105,974 | $137,332 |
Compute the ending inventories under the dollar-value LIFO method for 2013, 2014, and 2015. The base period is January 1, 2013, and the beginning inventory cost at that date was $46,900.
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