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Question 1 The following information relates to the Crane Company. Ending Inventor (End-of-Year Price Prices) Index 100 131 145 150 156 Date December 31, 2013

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Question 1 The following information relates to the Crane Company. Ending Inventor (End-of-Year Price Prices) Index 100 131 145 150 156 Date December 31, 2013 December 31, 2014 December 31, 2015 December 31, 2016 December 31, 2017 $66,100 119,210 129,050 145,200 134,316 Use the dollar-value LIFO method to compute the ending inventory for Crane Company for 2013 through 2017. Ending Inventor 2013 2014 2015 2016 2017 66100

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