Question
Presented below is information related to Metlock, Inc. Date End-of-Year Inventory (End-of-Year Prices) Price Index December 31, 2017 $1,290,000 100 December 31, 2018 1,617,000 105
Presented below is information related to Metlock, Inc.
| Date | End-of-Year Inventory (End-of-Year Prices) | Price Index | ||||
|---|---|---|---|---|---|---|
| December 31, 2017 | $1,290,000 | 100 | ||||
| December 31, 2018 | 1,617,000 | 105 | ||||
| December 31, 2019 | 1,628,000 | 110 | ||||
| December 31, 2020 | 1,918,800 | 117 | ||||
Compute the ending inventory for Metlock, Inc. for 2017 through 2020 using the dollar-value LIFO method.
| Ending Inventory | |||
|---|---|---|---|
| 2017 | $enter the ending inventory in dollars | ||
| 2018 | $enter the ending inventory in dollars | ||
| 2019 | $enter the ending inventory in dollars | ||
| 2020 | $enter the ending inventory in dollars |
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Practical Pension Scheme Accounting
Authors: Shona Harvie, Joanne Scriven, Phil Spary
2nd Edition
1526508974, 9781526508973
