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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 | 10,990 | $2.47 | $27,145 | $2.71 | $29,783 | |||||
B | 7,990 | 3.70 | 29,563 | 4.38 | 34,996 | |||||
C | 5,990 | 6.17 | 36,958 | 6.66 | 39,893 | |||||
Totals | $93,666 | $104,672 | ||||||||
December 31, 2014 | ||||||||||
A | 10,990 | $2.47 | $27,145 | $3.21 | $35,278 | |||||
B | 8,790 | 3.70 | 32,523 | 4.62 | 40,610 | |||||
C | 7,990 | 6.17 | 49,298 | 7.89 | 63,041 | |||||
Totals | $108,966 | $138,929 | ||||||||
December 31, 2015 | ||||||||||
A | 9,990 | $2.47 | $24,675 | $3.33 | $33,267 | |||||
B | 9,990 | 3.70 | 36,963 | 4.93 | 49,251 | |||||
C | 7,990 | 6.17 | 49,298 | 7.64 | 61,044 | |||||
Totals | $110,936 | $143,562 |
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 $45,300. (Round answers to 0 decimal places, e.g. 5,620.)
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