Question
Presented below is information related to Waterway Company. Date Ending Inventory (End-of-Year Prices) Price Index December 31, 2017 $ 76,400 100 December 31, 2018 231,240
Presented below is information related to Waterway Company.
| Date | Ending Inventory (End-of-Year Prices) | Price Index | ||||
|---|---|---|---|---|---|---|
| December 31, 2017 | $ 76,400 | 100 | ||||
| December 31, 2018 | 231,240 | 205 | ||||
| December 31, 2019 | 225,576 | 234 | ||||
| December 31, 2020 | 254,762 | 254 | ||||
| December 31, 2021 | 305,487 | 273 | ||||
| December 31, 2022 | 363,089 | 283 | ||||
Compute the ending inventory for Waterway Company for 2017 through 2022 using the dollar-value LIFO method.
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Auditing and Assurance Services Understanding the Integrated Audit
Authors: Karen L. Hooks
1st edition
471726346, 978-0471726340
