Question
The following information relates to the Kingbird Company. Date Ending Inventory (End-of-Year Prices) Price Index December 31, 2013 $67,600 100 December 31, 2014 96,792 111
The following information relates to the Kingbird Company.
| Date | Ending Inventory (End-of-Year Prices) | Price Index |
| December 31, 2013 | $67,600 | 100 |
| December 31, 2014 | 96,792 | 111 |
| December 31, 2015 | 104,796 | 123 |
| December 31, 2016 | 118,491 | 127 |
| December 31, 2017 | 110,922 | 133 |
Use the dollar-value LIFO method to compute the ending inventory for Kingbird Company for 2013 through 2017.
| Ending Inventory | |
| 2013 | $ |
| 2014 | $ |
| 2015 | $ |
| 2016 | $ |
| 2017 | $ |
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Managerial Accounting
Authors: Stacey Whitecotton, Robert Libby, Fred Phillips
4th edition
1259964957, 1260413985, 1260565440, 978-1260413984
