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Problem (10 points). Attached is information related to Fuchsia Corporation as of December 31 for the last three years. 20X1, 20X2, and 20X3. REQUIRED: Using

Problem (10 points). Attached is information related to Fuchsia Corporation as of December 31 for the last three years. 20X1, 20X2, and 20X3. REQUIRED: Using the attached forms, compute the ending inventories under the dollar value LIFO method for 20X1, 20X2, and 20X3. The base period is January 1, 20X1, and the beginning inventory cost at that date was $40,000. Compute indexes to two decimal places.
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\begin{tabular}{|c|c|c|c|c|c|c|c|c|} \hline \multirow[b]{3}{*}{ Item } & \multicolumn{8}{|c|}{\begin{tabular}{l} FUCHSIA CORPORATION \\ INFORMATION REILATED TO INVENTORIES FOR APPLYING \\ DOLLAR VALUE LIFO METHOD \\ FOR VEARS 20X1, 20X2, AND 20X3 \\ \end{tabular}} \\ \hline & \multirow{2}{*}{\begin{tabular}{c} Quantity in \\ Ending Inventory \end{tabular}} & \multicolumn{3}{|c|}{ Base Year Cost } & \multicolumn{4}{|c|}{ Current Year Cost } \\ \hline & & Unit Cost & & Amount & Unit C & & Amount & \\ \hline \multicolumn{9}{|l|}{201} \\ \hline A & 9,000 & 2.00 & s & 18,000 & s & 2.20 & 5 & 19,800 \\ \hline B & 6,000 & 3.00 & & 18,000 & & 3.40 & & 20,400 \\ \hline C & 4,000 & 5.00 & & 20,000 & & 5.25 & & 21.000 \\ \hline \multicolumn{9}{|l|}{202} \\ \hline A & 9.000 & 2.00 & 5 & 18,000 & 5 & 2.45 & 5 & 22,050 \\ \hline B & 6.800 & 3.00 & & 20,400 & & 3.65 & & 24,820 \\ \hline C & 6,000 & 5.00 & & 30,000 & & 5.50 & & 33,000 \\ \hline \multicolumn{9}{|l|}{203} \\ \hline A & 8,000 & 2.00 & 5 & 16,000 & 5 & 2.50 & s & 20,000 \\ \hline B & 8,000 & 3.00 & & 24,000 & & 4.10 & & 32.800 \\ \hline C & 6,000 & 5.00 & & 30,000 & & 5,60 & & 33.600 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|c|} \hline \multirow[b]{3}{*}{ Item } & \multicolumn{5}{|c|}{\begin{tabular}{c} FUCHSIA CORPORATION \\ CALCULATION OF INVENTORIES AT BASE YEAR COST AND CURRENT YEAR COST \\ DOLLAR VALUE LIFO METHOD \\ FOR YEARS 20X1, 20X2, AND 20X3 \\ \end{tabular}} \\ \hline & \multirow{2}{*}{\begin{tabular}{c} Quantity in \\ Ending Inventory \end{tabular}} & \multicolumn{2}{|c|}{ Base Year Cost } & \multicolumn{2}{|c|}{ Current Year Cost } \\ \hline & & Unit Cost & Amount & Unit Cost & Amount \\ \hline \multicolumn{6}{|l|}{201} \\ \hline \multicolumn{6}{|l|}{A} \\ \hline \multicolumn{6}{|l|}{ B } \\ \hline \multicolumn{6}{|l|}{ C } \\ \hline & Totals & & & & \\ \hline \multicolumn{6}{|l|}{202} \\ \hline \multicolumn{6}{|l|}{A} \\ \hline \multicolumn{6}{|l|}{ B } \\ \hline \multicolumn{6}{|l|}{ C } \\ \hline & Totals & & & & \\ \hline & & & & & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|c|} \hline \multirow[b]{3}{*}{ Item } & \multicolumn{5}{|c|}{\begin{tabular}{l} FUCHSIA CORPORATION \\ CALCULATION OF INVENTORIES AT BASE YEAR COST AND CURRENT YEAR COST \\ DOLLAR VALUE LIFO METHOD (CONTINUED) \\ FOR YEARS 20X1, 20X2, AND 20X3 \end{tabular}} \\ \hline & \multirow{2}{*}{\begin{tabular}{c} Quantity in \\ Ending Inventory \end{tabular}} & \multicolumn{2}{|c|}{ Base Year Cost } & \multicolumn{2}{|c|}{ Current Year Cost } \\ \hline & & Unit Cost & Amount & Unit Cost & Amount \\ \hline \multicolumn{6}{|l|}{203Ifem} \\ \hline \multicolumn{6}{|l|}{ A } \\ \hline \multicolumn{6}{|l|}{ B } \\ \hline \multicolumn{6}{|l|}{ C } \\ \hline & Totals & & & & \\ \hline & & & & & \\ \hline \end{tabular} \begin{tabular}{|l|l|} \hline \multicolumn{2}{|c|}{ CALCULATION OF 20X1 ENDING INVENTORY, DV LIFO } \\ \hline Ending Inventory at Base Year Cost & \\ \hline Less: Base Layer & \\ \hline 20XI Layer Added at Base Year Cost & \\ \hline & \\ \hline Base Layer at Base Year Cost & \\ \hline 20X1 Layer Added at 20XI Prices & \\ \hline 20X1 Ending Inventory DV LIFO & \\ \hline \multicolumn{2}{|c|}{ CALCULATION OF 20X2 ENDING INVENTORY, DV LIFO } \\ \hline \multicolumn{2}{|c|}{} \\ \hline Ending Inventory at Base Year Cost & \\ \hline Less: Base Layer & \\ \hline Less: 20XI Layer Added at Base Year Cost & \\ \hline 20X2 Layer Added at Base Year Cost & \\ \hline & \\ \hline Base Layer at Base Year Cost & \\ \hline 20X1 Layer Added at 20X1 Prices & \\ \hline 20X2 Layer Added at 20X2 Prices & \\ \hline 20X2 Ending Inventory DV LIFO & \\ \hline & \\ \hline \end{tabular} \begin{tabular}{|l|l|} \hline \multicolumn{2}{|c|}{ FUCHSIA CORPORATION } \\ \multicolumn{2}{|c|}{ CALCULATION OF 20X3 ENDING INVENTORY, DV LIFO } \\ \hline Ending Inventory at Base Year Cost & \\ \hline Less: Base Layer & \\ \hline Less: 20X1 Layer Added at Base Year Cost & \\ \hline Less: 20X2 Layer Added at Base Year Cost & \\ \hline 20X3 Layer Added at Base Year Cost & \\ \hline & \\ \hline Base Layer at Base Year Cost & \\ \hline 20X1 Layer Added at 20X1 Prices & \\ \hline 20X2 Layer Added at 20X2 Prices & \\ \hline 20X3 Layer Added at 20X3 Prices & \\ \hline 20X3 Ending Inventory DV LIFO & \\ \hline \end{tabular}

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