Question
The following information relates to the Sarasota Company. Date Ending Inventory (End-of-Year Prices) Price Index December 31, 2013 $ 65,600 100 December 31, 2014 118,040
The following information relates to the Sarasota Company.
| Date | Ending Inventory (End-of-Year Prices) | Price Index | ||||
| December 31, 2013 | $ 65,600 | 100 | ||||
| December 31, 2014 | 118,040 | 130 | ||||
| December 31, 2015 | 127,728 | 144 | ||||
| December 31, 2016 | 143,636 | 149 | ||||
| December 31, 2017 | 133,765 | 155 | ||||
Use the dollar-value LIFO method to compute the ending inventory for Sarasota Company for 2013 through 2017.
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CPA Comprehensive Exam Review Auditing And Attestation
Authors: Nathan M. Bisk
43rd Edition
088128095X, 978-0881280951
