Question
The following information relates to the Buffalo Company. Date Ending Inventory (End-of-Year Prices) Price Index December 31, 2013 $ 66,900 100 December 31, 2014 103,194
The following information relates to the Buffalo Company.
| Date | Ending Inventory (End-of-Year Prices) | Price Index | ||||
| December 31, 2013 | $ 66,900 | 100 | ||||
| December 31, 2014 | 103,194 | 117 | ||||
| December 31, 2015 | 110,940 | 129 | ||||
| December 31, 2016 | 124,887 | 133 | ||||
| December 31, 2017 | 115,787 | 139 | ||||
Use the dollar-value LIFO method to compute the ending inventory for Buffalo Company for 2013 through 2017.
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Authors: Michael J. Harrison
1st Edition
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