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Presented below is information related to Nash Company. Date Ending Inventory (End-of-Year Prices) Price Index December 31, 2014 $ 84,700 100 December 31, 2015 164,199
Presented below is information related to Nash Company.
Date | Ending Inventory (End-of-Year Prices) | Price Index | ||||
December 31, 2014 | $ 84,700 | 100 | ||||
December 31, 2015 | 164,199 | 147 | ||||
December 31, 2016 | 161,112 | 168 | ||||
December 31, 2017 | 181,636 | 182 | ||||
December 31, 2018 | 218,932 | 196 | ||||
December 31, 2019 | 258,825 | 203 |
Compute the ending inventory for Nash Company for 2014 through 2019 using the dollar-value LIFO method.
Ending Inventory (End-of-Year Prices) Price Index 100 147 168 182 196 203 Date December 31, 2014 December 31, 2015 December 31, 2016 December 31, 2017 December 31, 2018 December 31, 2019 $ 84,700 164,199 161,112 181,636 218,932 258,825 Compute the ending inventory for Nash Company for 2014 through 2019 using the dollar-value LIFO method Ending Inventory 2014 84700 2015 132181 2016 103516 2017 112182 2018 137620 2019 171584Step by Step Solution
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