Question
Question 5 Presented below is information related to Splish Company. DATE ENDING INVENTORY (END-OF-YEAR PRICES) PRICE INDEX December 31, 2017 83,600 100 December 31, 2018
Question 5
Presented below is information related to Splish Company.
DATE ENDING INVENTORY (END-OF-YEAR PRICES) PRICE INDEX
December 31, 2017 83,600 100
December 31, 2018 261,723 231
December 31, 2019 258,456 264
December 31, 2020 292,006 286
December 31, 2021 349,580 308
December 31, 2022 421,399 319
Compute the ending inventory for Splish Company for 2017 through 2022 using the dollar-value LIFO method.
ENDING INVENTORY
2017 83,600
2018 152,207
2019 116,633
2020 128,645
2021 163,757
2022 -
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Audit Sampling
Authors: Ray Whittington, Dan M Guy, D R Carmichael
5th Edition
047137590X, 9780471375906
