Question
Presented below is information related to Martinez 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 Martinez 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 Martinez Company for 2014 through 2019 using the dollar-value LIFO method.
Ending Inventory 2014 2015 2$ 2016 2017 2018 2019
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Financial and managerial accounting
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
1st edition
111800423X, 9781118233443, 1118016114, 9781118004234, 1118233441, 978-1118016114
