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Question 3 The following information relates to the Cheyenne Company. Ending Inventory (End-of-Year Price Date Prices) December 31, 2013 December 31, 2014 December 31, 2015

Question 3 The following information relates to the Cheyenne Company. Ending Inventory (End-of-Year Price Date Prices) December 31, 2013 December 31, 2014 December 31, 2015 December 31, 2016 December 31, 2017 $ 76,600 114,554 123,760 139,200 128,501 Index 100 127 140 145 151 Use the dollar-value LIFO method to compute the ending inventory for Cheyenne Company for 2013 through 2017. Ending Inventory 2013 2014 2015 2016 2017

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