Question
The following information relates to the Windsor Company. Date Ending Inventory (End-of-Year Prices) Price Index December 31, 2013 $ 63,500 100 December 31, 2014 84,000
The following information relates to the Windsor Company.
| Date | Ending Inventory (End-of-Year Prices) | Price Index | ||||
| December 31, 2013 | $ 63,500 | 100 | ||||
| December 31, 2014 | 84,000 | 104 | ||||
| December 31, 2015 | 94,400 | 107 | ||||
| December 31, 2016 | 96,750 | 112 | ||||
| December 31, 2017 | 111,680 | 115 | ||||
Use the dollar-value LIFO method to compute the ending inventory for Windsor Company for 2013 through 2017.
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Managerial Accounting
Authors: James Jiambalvo
5th edition
1118078764, 978-1118078761
