Question
Presented below is information related to Metlock Company. Date Ending Inventory (End-of-Year Prices) Price Index December 31, 2014 $ 83,800 100 December 31, 2015 176,802
Presented below is information related to Metlock Company.
| Date | Ending Inventory (End-of-Year Prices) | Price Index | ||||
| December 31, 2014 | $ 83,800 | 100 | ||||
| December 31, 2015 | 176,802 | 158 | ||||
| December 31, 2016 | 175,320 | 180 | ||||
| December 31, 2017 | 197,535 | 195 | ||||
| December 31, 2018 | 238,140 | 210 | ||||
| December 31, 2019 | 286,452 | 218 | ||||
Compute the ending inventory for Metlock Company for 2014 through 2019 using the dollar-value LIFO method.
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Payroll Accounting 2021
Authors: Bernard J. Bieg, Judith A. Toland
31st Edition
0357358287, 9780357358283
