Question
Presented below is information related to Sunland Company. Date Ending Inventory Price Index (End-of-Year Prices) December 31, 2022 $ 77,500 100 December 31, 2023 120,054
Presented below is information related to Sunland Company.
Date Ending Inventory Price Index
(End-of-Year Prices)
December 31, 2022 $ 77,500 100
December 31, 2023 120,054 107
December 31, 2024. 118,950 122
December 31, 2025. 134,995. 133
December 31, 2026. 160,875 143
December 31, 2027 191,216 148
Compute the ending inventory for Sunland Company for 2022 through 2027 using the dollar-value LIFO method.
Ending Inventory
2022. $77,500
2023. $ 114,629
2024_______
2025_______
2026________
2027_______
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Financial Accounting For Decision Makers
Authors: Eddie McLaney, Peter Atrill
4th Edition
9780273688471
